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Midterm Exam 1: Chapters 1-5 AIS Questions and answers correct
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Midterm Exam 1: Chapters 1-5 AIS Questions and answers correct A specialized subsystem of the IS that collects, processes, and reports information related to the financial aspects if business events. A. Management Information Systems (MIS) B. Accounting Information Systems (AIS) C. Enterprise S...

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  • August 4, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
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  • midterm exam 1 chapters 1 5 ais questions and ans
  • a specialized subsystem of the is that collects p
  • a man made system consisting of the people equipm
  • concerns the provision of information through the

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Midterm Exam 1: Chapters 1-5 AIS
Questions and answers correct
A specialized subsystem of the IS that collects, processes, and reports information
related to the financial aspects if business events.
A. Management Information Systems (MIS)
B. Accounting Information Systems (AIS)
C. Enterprise Systems
D. Database Systems - answer B. Accounting Information Systems

The correspondence or agreement between the information and the actual events
between the information and the actual events or objects that the information
represents.
A. Relevance
B. Completeness
C. Objectivity
D. Accuracy - answer D. Accuracy

Concerns the provision of information through the optimal (most productive and
economical) use of resources applied to achieve a set of goals. A measure of the
productivity of the resources.
A. Effectiveness
B. Efficiency
C. Reliability
D. Validity - answer B. Efficiency

A man-made system consisting of the people, equipment, organization, policies, and
procedures whose objective is to accomplish the work of the organization.
A. Operations Process
B. Enterprise Systems
C. Management Information System
D. Transaction Processing System - answer A. Operations Process

A quality indicating if information is capable of making a difference in a decision-making
situation by reducing uncertainty or increasing knowledge for that particular decision.
A. Relevance
B. Reliability
C. Effectiveness
D. Completeness - answer A. Relevance

A part of s system; these parts are interrelated or integrated as a single system.
A. Information System
B. Supersystem

,C. Subsystem
D. Natural System - answer C. Subsystem

Those for which none of the decision phases(intelligence, design, or choice) are routing
or repetitive are
A. Strutted Decisions
B. Strategic Decisions
C. Unstructured Decisions
D. Management Decisions - answer C. Instructed Decisions

Relates to the provision of appropriate information for management to operate the entity
and exercise its fiduciary and governance responsibilities.
A. Reliability
B. Relevance
C. Comparability
D. Availability - answer A. Reliability

Information available to a decision maker before it loses its capacity to influence a
decision.
A. Completeness
B. Significance
C. Timeliness
D. Predictive Value - answer C. Timeliness

An information quality concerning the inclusion of actual authorized events and actual
objects.
A. Validly
B. Verifiability
C. Neutrality
D. Consistence - answer A. Validity

Enterprise Systems (Enterprise-wide Information systems and enterprise information
systems) - answer Integrate and automate business process functionality and
information from all of an organization's functional areas.

Business Event - answer Includes any change in the state of an enterprise, such as
purchase of goods and services.
Ex: Buying inventories, selling product, hiring and training employees.

ERP Systems - answer Have received an exponential boost in importance for
businesses in the era of Big Data and business analytics.

Big Data - answer High-volume, high-velocity and/or high variety information assets
that demand cost-effective, innovative forms of information processing that enabled
enhanced insight, decision making, and process automation.

,Business Analytics - answer Solutions used to build analysis models and simulations
to create scenarios, understand realities and predict future states

Enterprise Resource Planning (ERP) Systems - answer Software packages that can
be used for the core systems necessary to support enterprise systems.

Best-of-breed Approach - answer Combines modules from various vendors to create
an information system that better meets an organization's needs than a standard ERP
system.

Third-party add-on modules:
Customer Relationship Management (CRM) Software - answer Builds and maintains
customer-related database

Third-party add-on modules:
Customer Self-Service (CSS) software: - answer Allows customers to complete tasks
without the help of an organization's employees.

Third-party add-on modules: Sales Force Automation (SFA) Software: - answer
Automates sales tasks such as order processing and tracking.

Supply Chain Management (SCM) Software: - answer Enables the steps in the
supply chain including demand planning, inventory acquisition, manufacturing,
distributing and selling.

Product Lifecycle Management (PLM) Software: - answer Manages product data
from design through manufacturing and ending in the disposal of a product

Supplier Relationship Management (SRM) software: - answer Manages the
interactions with organizations that supply the goods and services to an enterprise;
includes procurement and contract management.

Middleware - answer Software for connecting two or more software applications or
modules

Application Programming Interface (API) - answer Provided by the application
developer

Enterprise Application Integration (EAI) - answer Combines processes, software,
standards, and hardware to link two or more systems together; allowing them to act as
one

Business Process Management (BPM) - answer Takes into account modeling,
automating, managing, and optimizing business processes, including:
1. A design environment for modeling and documenting business processes targeted at
improvements

, 2. Conversion of manual processes to automated processes
3. Implementation of data entry forms that prevent error
4. Engine to facilitate change
5. Monitoring to enable process improvement and optimization.

Value Chain - answer A chain of activities performed by an organization that
transform inputs into outputs valued by the customer.

An organization creates a competitive advantage to creating more value for customers
than its competitors.

Organizations create value by performing activities at lower cost or enhancing
differentiation of products or services.

(T/F)
Integrated information systems provide additional value by improving consistency,
completeness, and accuracy. - answer True

Four W's - answer Data collected and stored should relate to:
Who:
Relates to individuals and organizations that are involved in the event (sometimes
called agents)
What:
RElates to all resources exchanged due to the event
Where:
Relates to the locations at which (1) the event takes place, (2) exchanged resources
reside before and after the event, and (3) the agents are during the event
When:
Relates to the time periods involved in completion of the event including future
exchanges of resources

Character - answer A basic unit of data

Field - answer (Single cell in a table)
A collection of related characters that comprise an attribute.

Record - answer (A row in a table)
A collection of related data fields (attributes) that belongs to a particular entity or event.

Table (or file) - answer A collection of related records (sometimes called entity/ event
instances)

Modules that are part of the SAP Business Suite include: - answer 1. Sales and
Distribution (SD)
2. Materials Management (MM)
3. Financing Accounting (FI)

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