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AIS Discussion Questions Exam #1 and Answers
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AIS Discussion Questions Exam #1 and Answers How would an AIS help a company identify the products with the highest profit margins? Why is it important to a company? AIS collects important information for companies to help decision makers compare products with the highest profit margins. AIS is v...

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  • 4 augustus 2024
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  • 2024/2025
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  • ais discussion questions exam 1 and answers
  • how would an ais help a company identify the produ
  • brainstorm a list of discretionary information tha
  • explain the information value chain how do busine

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Voorbeeld van de inhoud

AIS Discussion Questions Exam #1 and
Answers
How would an AIS help a company identify the products with the highest profit margins?
Why is it important to a company? - answer AIS collects important information for
companies to help decision makers compare products with the highest profit margins.
AIS is very accurate and can help companies catch things like fraud and inefficiencies
within the company. This is important because every company wants to perform to the
best of their ability and beat competitors.

Brainstorm a list of discretionary information that might be an output of an accounting
information system and be needed by Starbucks. Prioritize which items might be most
important, and provide support. - answer -which drinks are ordered during certain
seasons
-what locations sell the most coffee every day
-employee performance and salaries
-demographics of customers that order a specific drink

Explain the information value chain. How do business events turn into data, then into
information, and then into knowledge? Give an example starting with the business event
of the purchase of a Super Smash Bros. Nintendo Switch game at GameStop all the
way to giving useful information for the CEO and other decision makers. - answer
Data is created by business events, like how many Smash Bros games are sold at
GameStop. Then that data is turned into information that is useful knowledge for the
decisions on how many games should be kept at each store. The CEO can then look at
this information to determine what location the game is being mostly sold at and the
demographics.

Give three examples of types of discretionary information at your college or university,
and explain how the benefits of receiving that information outweigh the costs. - answer
1. Student loans and grant- the university can see which demographic of students are
not getting a certain loan and grant and create one specific to their situation. In turn
having more students being able to get into the college.
2. How many people are reached by their marketing- Know in what areas/locations
people are seeing their marketing campaigns to get students to come to UofSC.
3. Their retention rate from freshman to sophomore year- Understand what type of
students are not coming back and what they can improve to keep students from
freshman to their graduation year.

After an NCAA women's basketball game, a box score is produced detailing the number
of points scored, assists made, and rebounds retrieved (among other statistics). Using
the characteristics of useful information discussed at the beginning of the chapter,
please explain how the box score meets (or does not meet) the characteristics of useful

, information. - answer The box score can be useful information because it can show
which players are performing during certain parts of the game. It can also help improve
which players will go against other players. This discretionary information will ultimately
make the team better prepared to face certain teams.

Some would argue that the role of accounting is simply as an information provider. Will
a computer ultimately completely take over the job of the accountant? As part of your
explanation, explain how the role of accountants in information systems continues to
evolve. - answer While the computer is able to gather information at a rapid pace, an
accountant is still needed for decision making and planning. An accountant's role will
never not be needed because they are the ones that create the AIS and then in turn
interpret that data to be useful in the future for the company. An accountant is also
needed to understand how to use the system in an effective way to help clients.

Explain the value chain for an appliance manufacturer, particularly the primary activities.
Which activities are most crucial for value creation (in other words, which activities
would you want to make sure are the most effective)? Rank the five value chain-
enhancing activities in importance for an appliance manufacturer. - answer An
appliance manufacturer needs to store the raw materials for the creation (inbound
logistics). Then there are the activities that turn the raw materials into finished goods
(Operations). Then these appliances need to be sent out to stores to be sold to
customers (outbound logistics). Thats when you turn to marketing to attract customers
to these appliances and then sell them.
1. inbound logistics
2. Operations
3. Marketing
4. Outbound logistics
5. Service

Which value chain-supporting activities would be most important to support a health
insurance provider's primary activities? How about the most important primary factors
for a university? - answer The most important supporting activities for a health
insurance provider would be Firm infrastructure and human resource management to
make sure that service runs smoothly. Information technology and firm infrastructure
would be most important for a universities marketing and financing activities.

List and explain three ways that an AIS can add value to the firm. - answer 1. AIS
can collect inbound and outbound logistics to help finding what the most cost efficient
way to get materials from one place to another.
2. AIS can help collect data about customers to help the company's customer service.
3. AIS can also collect data about clients purchase history and recommend similar
products.

Where does new-product development fit in the value chain for a pharmaceutical
company? where does new-product development for a car manufacturer fit in the value
chain? - answer New product development for a pharmaceutical company fits into

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