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AIS Exam 1 Questions with correct Answers
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AIS Exam 1 Questions with correct Answers Accounting What is: The systematic and comprehensive recording of an organization's financial transactions, including summarizing, analyzing, and reporting these transactions to all users Accounting Information System (AIS) What is: A system tha...

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  • August 4, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais exam 1 questions with correct answers
  • accounting what is the systematic and comprehensi
  • accounting information system ais what is a sys
  • artificial intelligence ai what is the use of c

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AIS Exam 1 Questions with correct
Answers
Accounting - answer What is:
The systematic and comprehensive recording of an organization's financial transactions,
including summarizing, analyzing, and reporting these transactions to all users

Accounting Information System (AIS) - answer What is:
A system that collects, records, stores, and processes data to produce information for
decisions makers. It includes people, procedures and instructions, data, software,
infromatoint echnology infrastructure, and internal controls and security measures

Artificial intelligence (AI) - answer What is:
The use of computer systems to simulate human intelligence processes such as
learning, reasoning, and self-improvement

blockchain - answer What is:
the ___ isn't stored in a single location. Instead, it is a distributed ledger of hashed
documents that functions as a decentralized database. Each computer in the distributed
peer-to-peer network maintains a copy of the ledger to prevent a single point of failure

Blocks - answer What is:
individual digital records

Chain - answer What is:
blocks linked together using cryptography in a single list

business process - answer What is:
a set of related, coordinated, and structured activities and tasks, performed by a person,
a computer, or a machine, that helps accomplish a specific organizational goal

Business processes or transaction cycles - answer What is:
the major give-getexchanges that occur frequently in most companies

cloud computing - answer What is:
using a browser to remotely access software, data storage, hardware, and applications

Data - answer What is:
facts that are collected, recorded, stored, and processed by an information syste,

Data analytics - answer What is:
use of software and algorithms to find and solve problems and improve business
performance

,Data dashboard - answer What is:
interactive rela-time display of key indicators of operating performance; display of
important data points, metrics, and key performance indicators in easily understood
data visualizations such as line or bar charts, tables, or gauges

financing cycle - answer What is:
activities associated with raising money by selling shares in the company to investors
and borrwing money as well as paying dividends and interest

general ledge and reporting system - answer What is:
information-processing operations involved in updating the general ledge and preparing
reports for both management and external parties

give-get exchange - answer What is:
transactions that happen a great many times, such as giving up cash to get inventory
from a supplier and giving employees a paycheck in exchange for their labor

goal conflict - answer What is:
when a subsystem's goals are inconsistent with the goals of another subsystem or the
system as a whole

goal congruence - answer What is:
when a subsystem achieves its golas while contributing to the organization's overall
goal

human resources/payroll cycle - answer What is:
activities associated with hiring, training, compensating, evaluting, promoting, and
terminating employees

information - answer What is:
data that have been organized and processed to provide meaning and improve decision
making

information overload - answer What is:
exceeding the amount of information a human mind can absorb and process, resulting
in a decline in decision-making quality and an increase in the cost of providing
information

information system - answer What is:
the people and technologies in an organization that produce information. It is an
organized way of collecting processing, managing, and reporting infromatoin so that an
organization can achieve its objective goals

, decision-making , cost - answer Informaiton overload is when exceeding the amoung
of informaotin a human mind can absorb and process, resulting in a decline in ____
quality and an increase in the ___ of providing information

collecting, processing, managing, and reporting - answer Information system is an
organized way of ___, ___, ___, and ___ information so that an organization can
achieve its objective and goals

formal - answer What information system:
have an explicity responsibility to produce information

informal - answer What information system:
meets a need that is not satisfied by a formal channel and operated without formal
designation or responsibility

information technology (IT) - answer What is:
the computers and other electronic devices used to store, retreive, transmit, and
manipulate data

store, retrieve, transmit, and manipulate - answer Information technology (IT) is the
computers and other electornic devices used to ___,___,__, and ___ data

internet of things (IoT) - answer What is:
embedding sensors in devices so they can connect to the internet

machine-readable - answer What is:
data in a format that can be read and processed by a computer

primary activities - answer What is:
value chain activities that produce, market, and deliver products and services to
customers and provide post delivery service and support

production cycle - answer what is:
the recurring set of business activities and related data processing operations
associated with using labor, raw materials, and equipment to produce finished goods

conversion cycle - answer What is another name for the production cycle?

revenue cycle - answer What is:
the recurring set of business activities and data processing operations associated with
selling goods and services in exchange for cash or a future promise to receive cash

supply chain - answer What is:
an extended system that includes an organization's value chain as well as its suppliers,
distributors, and customers

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