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Chapter 1
1. Information is a business resource.
*a. True
b. False
2. IT outsourcing is location-independent computing.
a. True
*b. False
3. Transaction processing systems convert non-financial transactions
into financial transactions.
a. True
*b. False
4. Information lacking reliability may still have value.
a. True
*b. False
5. A balance sheet prepared in conformity with GAAP is an example of
discretionary reporting.
a. True
*b. False
6. The management reporting system provides the internal financial
information needed to manage a business.
*a. True
b. False
7. Most of the inputs to the general ledger system come from the
financial reporting system.
a. True
*b. False
8. When preparing discretionary reports, organizations can choose what
information to report and how to present it.
*a. True
b. FalseÂÂ
Accounting Information Systems 10e James A. Hall All Chapters, Original , Complete And Study material 336pages LEARNEXAMS
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