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3- Which of the following statements below shows the contrast between data and
information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
9- Information that does not omit important aspects of the underlying events or
activities that it measures is
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: A
13- Cheryl Metrejean has been the controller of Downtown Tires for 25 years.
Ownership of the firm recently changed hands and the new owners are
conducting an audit of the financial records. The audit has been unable to
reproduce financial reports that were prepared by Ms. Metrejean. While there is
no evidence of wrongdoing, the auditors are concerned that the discrepancies
might contribute to poor decisions. Which of the following characteristics of
useful information is absent in the situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: F