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Solution Manual - Accounting Information Systems 16th Edition by Romney; Steinbart; ISBN: 9780138099497, All 24 Chapters Covered, Verified Latest Edition$20.99
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Solution Manual - Accounting Information Systems 16th Edition by Romney; Steinbart; ISBN: 9780138099497, All 24 Chapters Covered, Verified Latest Edition
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Accounting Information Systems 16th Edition Romne
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Accounting Information Systems 16th Edition Romne
Solution Manual - Accounting Information Systems 16th Edition by Romney; Steinbart; ISBN: 9780138099497, All 24 Chapters Covered, Verified Latest Edition Solution Manual for Accounting Information Systems 16th Edition by Romney; Steinbart; ISBN: 9780138099497, All 24 Chapters Covered, Verified Late...
1) Which1of1the1following1statements1below1shows1the1contrast1between1data1and1
information?
A) Data1is1the1output1of1an1AIS.
B) Information1is1the1primary1output1of1an1AIS.
C) Data1is1more1useful1in1decision1making1than1information.
D) Data1and1information1are1the1same.
Answer:1 B
2) Information1is1best1described1as
A) raw1facts1about1transactions.
B) data1that1has1been1organized1and1processed1so1that1it1is1meaningful1to1the1user.
C) facts1that1are1useful1when1processed1in1a1timely1manner.
D) the1same1thing1as1data.
Answer:1 B
3) The1value1of1information1can1best1be1determined1by
A) its1usefulness1to1decision1makers.
B) its1relevance1to1decision1makers.
C) the1benefits1associated1with1obtaining1the1information1minus1the1cost1of1producing1it.
D) the1extent1to1which1it1optimizes1the1value1chain.
Answer:1 C
4) An1accounting1information1system1(AIS)1processes1 to1provide1users1with
.
A) data;1information
B) data;1transactions
C) information;1data
D) data;1benefits
Answer:1 A
1
5) information1reduces1uncertainty,1improves1decision1makers'1ability1to1make1
predictions,1or1confirms1expectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
Answer:1 C
1
6) Information1that1is1free1from1error1or1bias1and1accurately1represents1the1events1or1activities1
of1the1organization1is
A) relevant.
B) reliable1/1Faithful1Representation.
C) verifiable.
D) timely.
Answer:1 B
7) Information1that1does1not1omit1important1aspects1of1the1underlying1events1or1activities1
that1it1measures1is
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer:1 A
8) Information1is1
when1two1knowledgeable1people1independently1produce1the1same1information.
A) verifiable
B) relevant
C) reliable
D) complete
Answer:1 A
1
9) Data1must1be1converted1into1information1to1be1considered1useful1and1meaningful1for1dec
ision1making.1There1are1six1characteristics1that1make1information1both1useful1and1meaningf
ul.1If1information1is1free1from1error1or1bias1and1accurately1represents1the1events1or1activities1
of1the1organization,1it1is1representative1of1the1characteristic1of
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.
2
, Answer:1 D
10) Inventory1information1is1provided1in1real1time1by1a1firm's1accounting1information1system.1
The1accuracy1of1this1information1is1questionable,1however,1since1the1production1manager1oft
en1reports1stock1outs1of1components1that1the1system1indicates1are1in1stock.1Which1of1the1foll
owing1characteristics1of1useful1information1is1absent1in1the1situation1described1above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer:1 B
1
11) Cheryl1Metrejean1has1been1the1controller1of1Downtown1Tires1for1251years.1Ownership1of1t
he1firm1recently1changed1hands1and1the1new1owners1are1conducting1an1audit1of1the1financial1r
ecords.1The1audit1has1been1unable1to1reproduce1financial1reports1that1were1prepared1by1Ms.1
Metrejean.1While1there1is1no1evidence1of1wrongdoing,1the1auditors1are1concerned1that1the1di
screpancies1might1contribute1to1poor1decisions.1Which1of1the1following1characteristics1of1usef
ul1information1is1absent1in1the1situation1described1above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
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