Accounting Information System 1st Edition by Vernon Richardson -Test Bank

1.

Accounting and Finance is a primary activity in the value chain. 
 
True    False

2.

Accounting Information Systems at this date are all computerized. 
 
True    False

3.

Business value includes all those items, events and interactions that determine the financial health and well-being of the firm. 
 
True    False

4.

The Certified Information Technology Professional (CITP) is a professional designation for those with broad range of technology knowledge and does not require a CPA. 
 
True    False

5.

The Certified Information Systems Auditor (CISA) is a professional designation generally sought by those performing IT audits. 
 
True    False

6.

Information is defined as being data organized in a meaningful way to be useful to the user. 
 
True    False

7.

Data is defined as being information organized in a meaningful way to be useful to the user. 
 
True    False

8.

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem. 
 
True    False

9.

A value chain is defined as the flow of materials, information, payments, and services from customer to supplier. 
 
True    False

10.

Relevant information is that information that is free from bias and error. 
 
True    False

11.

The characteristics of relevant information include predictive value, feedback value and timeliness. 
 
True    False

12.

The characteristics of reliable information are that the information is verifiable, without bias and timely. 
 
True    False

13.

Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information. 
 
True    False