AIS Exam 1 Questions and Answers Solved 100% Correct!!

Relevant - An accounts receivable aging report used in credit granting decisions Reliable - A report checked by 3 different people for accuracy Complete - An accounts receivable aging report that included all customer accounts Timely - An accounts receivable aging report was received before the credit manager had to make a decision whether to extend customer credit Understandable - The report was carefully designed so that the data contained on the report became information to the reader Verifiable - The data on a report was checked by two clerks working independently Accessible - The manager was working one weekend and needed to find some information about production requests for a certain customer. He was able to find the report on the company's network. Data - Raw facts Information - Data that has been organized and processed to be useful What is a system? - Set of interrelated components that interact to achieve one or more goals Data processing cycle (system flowchart) - Data Input - Organizations collect data about events, resources, and agents Storage - In computers data are stored in files and database. Manual, data are stored in journals and ledgers Processes - Once data are collected and entered, they must be processedInformation Output - Last step in cycle. Can be in forms of documents, reports, or responses to queries What does CRUD stand for? - Creating new data records Reading existing data Update data to record event Delete data