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AIS Quiz 1 Questions and Answers right
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AIS Quiz 1 Questions and Answers right System Set of two or more interrelated components that interact to achieve a goal. Key Characteristics of Information 1. Relevant 2. Reliable 3. Complete 4. Timely 5. Understandable 6. Verifiable 7. Accessible Relevant Information neede...

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Document information

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

Subjects

  • ais quiz 1 questions and answers right
  • system set of two or more interrelated components
  • key characteristics of information 1 relevant 2
  • relevant information needed to make a decision

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  • Ais
  • Ais

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Pogba119

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AIS Quiz 1 Questions and Answers right
System - answer Set of two or more interrelated components that interact to achieve
a goal.

Key Characteristics of Information - answer 1. Relevant
2. Reliable
3. Complete
4. Timely
5. Understandable
6. Verifiable
7. Accessible

Relevant - answer Information needed to make a decision

Reliable - answer Information free from bias

Complete - answer Does not omit important aspects of events

Timely - answer Information needs to be provided in time for decision

Understandable - answer Information must be presented in a meaningful manner

Verifiable - answer Two independent people can produce the same conclusion

Accessible - answer Available when needed

Business Process - answer set of related, coordinated, and structured activities and
tasks, performed by a person, computer, or machine that helps accomplish a goal of an
organization.

To make effective decisions, organizations must: - answer 1. Decide what decisions
they need to make
2. What information they need to make the decisions.
3. Locate and process the data needed to produce information.

Transaction - answer Agreement between two entities to exchanges goods or
services in exchange for cash.

Five Transaction Cycles - answer 1. Revenue Cycle
2. Expenditure Cycle
3. Human Resources/Payroll Cycle
4. Production/Conversion Cycle
5. Financing Cycle

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