Accounting Information Systems 13th Edition By Marshall B. Romney-Test Bank

Exam Collection For Accounting Data Systems 13th Release By Marshall B. Romney

ISBN-10: 0133428532

Chapter 1   Accounting Data Systems: A General View

1.1   Differentiate details from knowledge, discourse the attributes of practical knowledge, and clarify how to assess the significance of knowledge.

1) Which among the subsequent declarations underneath displays the difference between details and knowledge?

1. A) Details is the production of an ADS.
2. B) Knowledge is the main production of an ADS.
3. C) Details is more beneficial in decision making than knowledge.
4. D) Details and knowledge are identical.

Answer:  B

Goal:  Learning Goal 1

Difficulty:  Simple

AACSB:  Analytic

2) Knowledge is most accurately portrayed as

1. A) unprocessed facts about transactions.
2. B) details that has been categorized and managed so that it is significant to the user.
3. C) facts that are beneficial when managed in a prompt way.
4. D) the same as details.

Answer:  B

Goal:  Learning Goal 1

Difficulty:  Simple

AACSB:  Analytic

3) The worth of knowledge can most adequately be figured out by

1. A) its helpfulness to decision makers.
2. B) its pertinence to decision makers.
3. C) the advantages connected with attaining the knowledge minus the expense of producing it.
4. D) the degree to which it enhances the value chain.

Answer:  C

Goal:  Learning Goal 1

Difficulty:  Average

AACSB:  Analytic

4) An accounting data system (ADS) processes ________ to offer users with ________.

1. A) details; knowledge
2. B) details; transactions
3. C) knowledge; details
4. D) details; advantages

Answer:  A

Goal:  Learning Goal 1

Difficulty:  Simple

AACSB:  Analytic

5) ________ knowledge diminishes uncertainty, improves decision makers’ capability to make estimations, or verifies expectations.

1. A) Immediate
2. B) Dependable
3. C) Applicable
4. D) Comprehensive

Answer:  C

Goal:  Learning Goal 1

Difficulty:  Simple

AACSB:  Analytic

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