Midterm Exam 1-summer school-acct 308
Data are output and information are input
Information is output and data are input
Data are meaningful bits of information
There is no difference
It is reliable
It is timely
It is inexpensive
It is relevant
Purchasing
Accounting
Post-sales service
Human resource management
Product differentiation
Low-cost
Needs-based
Variety-based
Increasing information overload
Reducing uncertainty
Providing feedback about the effectiveness of prior decisions
Identifying situations requiring management action
Primary activity
Support activity
Service activity
Structured activity
Structured decisions involving strategic planning
Unstructured decisions involving managerial control
Structured decisions involving operational control
Unstructured decisions involving strategic planning
Reducing the need to identify a strategy and strategic position
Transforming data into useful information
Allocating organizational resources
Automating all decision making
Supply chain
Value chain
ERP system
AIS
Variety-based
Needs-based
Access-based
Low-cost
Revenue cycle
Expenditure cycle
Human resources/payroll cycle
General ledger and reporting system
File
Record
Attribute
Field
Source document
General ledger
Cash budet
Accounts receivable
Petty cash
Prepaid rent
Retained earnings
Income statement
Performance report
Cash budget
Balance sheet
Performance report
Financial statement
Budget
Chart of accounts
Alphabetical order
Chronological order
Size order
The order in which they appear in financial statements
Production cycle
Financing cycle
Revenue cycle
Expenditure cycle
Turnaround documents
Source data automation documents
Source documents
External input documents
Batch processing
Online, real-time processsing
Captured transaction processsing
Chart of accounts processing
Relationship among modules, data, and programs of an AIS
Flow of data in an organization
Decision rules in a computer program
Computer hardware configuration
True
False
Flowcharts make use of many symbols
A flowchart emphasizes the flow of documents or records containing data
DFDs help convey the timing of events
Both a and b are false
True
False
Process names should include action verbs such as update, edit, prepare, and record
Make sure the names describe all the data or the entire process
Name only the most important DFD elements
Choose active and descriptive names