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AIS Exam #1 (Chapters 1-3) Questions and Answers

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AIS Exam #1 (Chapters 1-3) Questions and Answers System a set of two or more interrelated components interacting to achieve a goal Goal Conflict occurs when components act in their own interest w/o regard for the overall goal Goal Congruence occurs when components acting in their...

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  • August 3, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ais exam 1 chapters 1 3 questions and answers
  • system a set of two or more interrelated component
  • goal conflict occurs when components act in their
  • goal congruence occurs when components acting in t

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  • Ais
  • Ais

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AIS Exam #1 (Chapters 1-3) Questions
and Answers
System - answer a set of two or more interrelated components interacting to achieve
a goal

Goal Conflict - answer occurs when components act in their own interest w/o regard
for the overall goal

Goal Congruence - answer occurs when components acting in their own interest
contribute toward the overall goal

Synergy - answer when the sum is greater than the individual parts

Data - answer raw facts and figures that are collected, recorded, and stored;
insufficient for decision making
inputs in a system
a component of an AIS

Information - answer processed data; can be used to make decisions
outputs of a system
is valuable when the benefits are greater than the costs

Information Overload - answer too much information will make it more difficult to
make decisions

Bounded Rationality - answer can only process so much w/o relying on biases,
training, word of mouth and perceptions (for example)

Data Dump - answer career limiting move; don't just lump together the data w/o
knowing meaning behind it

False - answer True/False: one component equals a system

False - answer True/False: if two components not interacting it is still considered a
system

Relevant - answer a general characteristic that makes info useful
info needed relates to the decision being made
reduce uncertainty or improve improve decision making
"nothing but the truth"

Reliable - answer a general characteristic that makes info useful

, info is free from bias
"tell the truth"

Complete - answer a general characteristic that makes info useful
info does not omit important aspects of events or activities
encompass important aspects
"the whole truth"

Timely - answer a general characteristic that makes info useful
info needs to be provided in time to make the decision
SEC gives 60 days after year end

Understandable - answer a general characteristic that makes info useful
info must be presented in a meaningful manner

Verifiable - answer a general characteristic that makes info useful
two INDEPENDENT people can produce the same conclusion

Accessible - answer a general characteristic that makes info useful
info is available when needed

Business Process - answer a set of activities that takes 1 or more kinds of input and
creates an output that is of greater value to the customers

Processes - answer _________________ results in transactions

Transactions - answer _______________ are:
give to get exchange
between two entities
measured in economic terms
produce data!!

Internal Entities - answer examples of ___________ _______________:
employees
management
owners

External Entities - answer examples of _____________ __________:
vendors
customers
investors/shareholders
banks & creditors
auditors
government
competitors
media

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