Chapter 1 (new version) MULTIPLE CHOICE 1. A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information 2. This results when a subsystem achieves its goals while contributing to the organization's overall goal. a) Goal conflict b) Goal congruence c) Value of information d) Systems congruence 3. Goal conflict may result when a) A decision or action of a subsystem is inconsistent with the system as a whole. b) A subsystem achieves its goals while contributing to the organization's overall goal. c) Duplicate recording, storage and processes are eliminated. d) The data exceeds the …show more content…
b) interested outsiders. c) competitors. d) the government. 26. The primary objective of accounting is to a) implement strong internal controls. b) provide useful information to decision makers. c) prepare financial statements. d) ensure the profitability of an organization.
27. The Financial Accounting Standards Board (FASB), in its Statement of Financial Accounting Concepts No. 2, has defined accounting as a) an information identification, development, measurement, and communication process. b) a way to provide adequate controls to safeguard an organization's assets. c) being an information system. d) a way to collect and transform data into useful information. 28. Which activity below would not be considered to be a "top" accountant work activity? a) process improvement b) input into future product marketing initiatives c) long-term strategic planning d) computer systems and operations 29. The American Institute of Certified Public Accountants (AICPA) has recognized the importance of AIS and the major impact information technology has on the area of accounting. To recognize individual CPAs who have met educational and experiential requirements in this area, the group formally created the designation known as a) the Certified Management Accountant. b) the Certified Information Technology Professional. c) the Certified Internal Auditor. d) the Certified Data Processing Professional. 30. An analysis conducted by the Institute of