7. How does an accounting information system add value to an organization? a. It provides accurate and timely information so that value chain activities can be performed more effectively b. It improves the quality and reduces the costs of products or services. c. It improves decisonmaking capabilities. d. all of these. 8. Which of the following is a characteristic of useful information? a. relevance b. reliability c. completeness all of the above e. 9. Which of the following is a stakeholder group? a. owners and investors b. employees c. customers d. society as a whole all of the above e. 10. Which of the following are users of financial information? a. investors b. creditors management d. financial analysts all of the above c. e. What is the primary purpose of accounting information for extermal users? a. to facilitate pricing and costing decisions by investors b. to enable investment decisions to be made among alternative investments. c. to communicate the stages of the management process. d. to provide information about all stages of the management cycle. 11. Which of the following is a financial performance measure? a. Return on investment b. 12. Net income as a percentage of sales Return on assets c. d. relationship of debt to equity all of the above e. Financial data is important to management because a. nonfinancial data are usually irrelevant. b. the data assists management in planning and controlling an organization's activities. c. managers may otherwise make all decisions based solely on nonfinancial data. d. it is audited independently by public accounting firms. 13