TEST BANK Accounting Information System 1st Edition
Chapteroa01: o a o aAccountingoaasoaInformation
1) Accountingoacommunicates oatooastakeholders
A) minimallyrequiredoapublic oafinancial oadata.
B) theoafinancialoau
...
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.
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