Chapter 1a—Basic Cost Management Concepts MULTIPLE CHOICE 1. Which of the following is NOT a transformational process in an accounting information system? a. collecting data b. analyzing data c. performance reporting d. summarizing data ANS: C PTS: 1 DIF: Medium REF: p. 3 OBJ: 1-1 NAT: AACSB Reflective MSC: Remember 2. Which of the following is NOT a process associated with an accounting information system? a. auditing existing data b. collecting and recording data c. providing information to users d. analyzing and managing data ANS: A PTS: 1 DIF: Moderate REF: p. 3 OBJ: 1-1 NAT: AACSB Reflective MSC: Remember 3. What does an accounting information system usually use as inputs? a. financial statements b. data analyses c. performance reports d. economic events ANS: D PTS: 1 DIF: Easy REF: p. 3 OBJ: 1-1 NAT: AACSB Reflective MSC: Remember 4. What accounting information subsystem is devoted to providing information for external users? a. management accounting b. financial accounting c. internal accounting d. cost accounting ANS: B PTS: 1 DIF: Easy REF: p. 3 OBJ: 1-1 NAT: AACSB Communication MSC: Remember