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TEST BANK Accounting Information System 1st Edition
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TEST BANK Accounting Information System 1st Edition Chapteroa01: o a o aAccountingoaasoaInformation 1) Accountingoacommunicates oatooastakeholders A) minimallyrequiredoapublic oafinancial oadata. ... B) theoafinancialoautcomesoafoaoperating,oainvesting,oandoafinancingoactivities. C) theoasalesoastrategyoaforoatheoaperating,oamarketing, oandoasalesoactivities. D) blackoandoawhiteoadetailsoaboutoatheoaeconomicsoafoaperating oactivities.Answer: oaB Diff:oa1 LearningoaObjective:oa1.1oaExplainoahowoaccountingoaffectsoabothoatheoademandoaforoandoasupply oaofrlinformation. SectionoaReference:oaWhyoaisoaAccountingoaInformationoaImportant?AACSB: oaCommunication Bloom's: ComprehensionrlAICPA: AC:oaReporting 2) Accountingoacommunicatesoatheoafinancialoaoutcomesoafoa oabusiness'soactivitiesoafor A) operating. B) investing. C) financing. D) Alloafoatheseoansweroachoicesoare oacorrect.Answer: oaD Diff:oa1 LearningoaObjective:oa1.1oaExplainoahowoaccountingoaffectsoabothoatheoademandoaforoandoasupply oaofrlinformation. SectionoaReference:oaWhyoaisoaAccountingoaInformationoaImportant?AACSB: oaCommunication Bloom's: ComprehensionrlAICPA: AC:oaReporting 3) Inoawhat oawaydooamanagement oateamsoauseoaccountingoadata? A) Managementoateamsoauseoaccountingoadataoatooamakeoabusinessoadecisions. B) Managementoateamsoauseoaccountingoadataoatooamakeoandoaexecuteoaplans. C) Managementoateamsoauseoaeconomicoandoaccountingoadataoatogetheroatooamakeoadecisions. D) Alloafoatheseoansweroachoicesoare oacorrect.Answer: oaD Diff:oa1 LearningoaObjective:oa1.1oaExplainoahowoaccountingoaffectsoabothoatheoademandoaforoandoasupply oaofrlinformation. SectionoaReference: oaWhyoaisoaAccountingoaInformationoaImportant?AACSB: oaAnalytic Bloom's: Comprehension AICPA: AC:oaRiskoaAssessment,oaAnalysis,oandoaManagement 2 4) WhichoastatementoaisoaTRUE? A) Accountingoaconsistsoafoarigidoablackoandoawhiteoarules. B) Accountantsoacrunchoanumbers,oanotoamakeoadecisions. C) Accountingoahelpsoasupportoa oaprosperousoasociety. D) Accountantsoafocusoanoadebitsoandoacredits,oanotoabusiness oaactivities.Answer: oaC Diff:oa1 LearningoaObjective:oa1.1oaExplainoahowoaccountingoaffectsoabothoatheoademandoaforoandoasupply oaofrlinformation. SectionoaReference:oaWhyoaisoaAccountingoaInformationoaImportant?AACSB: oaAnalytic Bloom's: ComprehensionrlAICPA: N/A 5) WhichoafoatheoafollowingoaisoaNOToa oacomponentoafoanoainformationoasystem? A) Hardware B) Software C) Input D) Network oaAnswer: oaC oaDiff: oa1 LearningoaObjective:oa1.1oaExplainoahowoaccountingoaffectsoabothoatheoademandoaforoandoasupply oaofrlinformation. SectionoaReference:oaWhyoaisoaAccountingoaInformationoaImportant?AACSB: oaAnalytic Bloom's: Knowledge AICPA: o a AC:oaSystemsoandoaProcessoaManagement. [Show More]
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