a. auditing existing data
b. collecting and recording data
c. providing information to users
d. analyzing and managing data
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJ3
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMG-CO4G-CPT1-GA4U-OPUR-
GOSS-NCDR-8YSU-OCTZ-GOSU-EATI-GASS-GA5N-CFUD-GPTO-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
44. The _____ information system is concerned with producing outputs for external users.
a. forensic accounting
b. financial accounting
c. operational accounting
d. lean accounting
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
TOPICS: Bloom's - Remembering
KEYWORDS: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 1/22/2017 11:20 PM
QUESTION ID: JFND-GO33-GINU-1QJA
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 24
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJO-CC5S-CCDF-G3TU-RPUG-
CASU-GC5B-8RSU-1PB1-GOSU-Q3DN-CCSU-EP33-8YHU-13TZ-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
45. Financial accounting information is used for
a. investment decisions.
b. regulatory measures.
c. stewardship evaluation.
d. all of the above.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-08 - FN-Decision Modeling
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QKG
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMN-8BOS-NP33-GWAS-EPJS-GRSS-
KC3A-8YSU-EA5G-GOSS-E3BA-CWSU-GP5B-CR3D-Q3DB-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
46. Which of the following does NOT describe cost management system?
a. evaluation of segments or products within the firm
b. emphasis on the future
c. externally focused
d. focus on effective use of resources
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 25
TOPICS: Bloom's - Understanding
KEYWORDS: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QKF
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJ3-CPOU-Q3TO-C31D-OP3Z-GRSS-
CPUN-CRSS-GAJI-GOSU-GPDF-GOSU-EPJZ-8FTS-G3JZ-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
Full download link: https://bit.ly/3kQWes2
47. Which of the following is NOT part of the financial accounting information system?
a. filing reports with the SEC
b. reporting a large contingent liability to current and potential shareholders
c. determining the future cash flows of a proposed flexible manufacturing system
d. preparing GAAP financial statements
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01