AIS EXAM 1 || WITH ALL PASSED ANSWERS!!
Data correct answers acts that are collected, recorded, stored, and processed by an
information system (input)
-Most useful when it is in machine-readable form
Information correct answers data that have been organized and processed to provide meaning
and improve the decision-making process (output)
Value of information correct answers the benefit provided by information less the cost of
producing it
transaction correct answers an agreement between two entities to exchange goods or services;
any other event that can be measured in economic terms by an organization.
Business processes/Transaction cycle correct answers -Revenue
-Expenditure
-Payroll
-Production
-Financing
Components of an AIS correct answers 1. PEOPLE who use the system.
2. PROCEDURES and instructions used to collect, process, and store data.
3. DATA about the organization and its business activities.
4. SOFTWARE used to process the data.
5. The information technology INFRASTRUCTURE including computers, peripheral
devices, and network communication devices used to collect, store, process, and transmit data
and information.
6. The internal CONTROLS and security measures that safeguard the data in the AIS.
Accounting Information Systems correct answers Overall goal -produce information for
decision makers
Add value by
-Improving the quality and reducing the costs of products or services
-Improving efficiency
-Sharing knowledge
-Improving efficiency and effectiveness of its supply chain
Improving the internal control structure
-Improving decision making
data Analytics correct answers is the use of software and algorithms to find and solve
problems and improve business performance
data dashboard correct answers A set of visual displays that organizes and presents
information that is used to monitor the performance of a company or organization in a
manner that is easy to read, understand, and interpret.
Analytics Improve Decision Making correct answers basic-Identify a problem or issue
, Intermediate-Collect data needed to solve the problem and make recommendations to
management
Advanced-Actionable insights can be integrated into the systems used to make decisions
Blockchain correct answers chains blocks of data together using cryptography algorithms that
create hashes. The hash of a prior block is included in the latest block, creating the chain.
Steps in a Blockchain Transaction correct answers 1.Initiate transaction
2.Validate transaction
3.Create a block
4.Calculate and insert a hash
5.Complete transaction
Blockchain Advantages correct answers -Accuracy
•Transparency
•Data consistency
•Trust
•No need for third parties
•Single set of books
•Cost
•Decentralization
•Efficiency
•Privacy
•Security
•Provenance
Blockchain Disadvantages correct answers •Cost
Loss of privacy and confidentiality
•Susceptibility
Virtualization correct answers Running multiple systems simultaneously on one physical
computer (~high rise condo building)
Cloud computing correct answers Using a browser to remotely access software, data storage,
hardware and applications
Internet of things (IoT) correct answers embedding sensors in a multitude of devices so they
can connect to the Internet
Cloud options correct answers - IAAS ( tAKE AND BAKE)
-PAAS (Pizza delivered)
-SAAS (Dine Out)
Value Chain correct answers Linking together of all the primary and support activities in a
business. Value is added as a product passes through the chain.
Primary activities in the value chain correct answers 1. inbound logistics
Data correct answers acts that are collected, recorded, stored, and processed by an
information system (input)
-Most useful when it is in machine-readable form
Information correct answers data that have been organized and processed to provide meaning
and improve the decision-making process (output)
Value of information correct answers the benefit provided by information less the cost of
producing it
transaction correct answers an agreement between two entities to exchange goods or services;
any other event that can be measured in economic terms by an organization.
Business processes/Transaction cycle correct answers -Revenue
-Expenditure
-Payroll
-Production
-Financing
Components of an AIS correct answers 1. PEOPLE who use the system.
2. PROCEDURES and instructions used to collect, process, and store data.
3. DATA about the organization and its business activities.
4. SOFTWARE used to process the data.
5. The information technology INFRASTRUCTURE including computers, peripheral
devices, and network communication devices used to collect, store, process, and transmit data
and information.
6. The internal CONTROLS and security measures that safeguard the data in the AIS.
Accounting Information Systems correct answers Overall goal -produce information for
decision makers
Add value by
-Improving the quality and reducing the costs of products or services
-Improving efficiency
-Sharing knowledge
-Improving efficiency and effectiveness of its supply chain
Improving the internal control structure
-Improving decision making
data Analytics correct answers is the use of software and algorithms to find and solve
problems and improve business performance
data dashboard correct answers A set of visual displays that organizes and presents
information that is used to monitor the performance of a company or organization in a
manner that is easy to read, understand, and interpret.
Analytics Improve Decision Making correct answers basic-Identify a problem or issue
, Intermediate-Collect data needed to solve the problem and make recommendations to
management
Advanced-Actionable insights can be integrated into the systems used to make decisions
Blockchain correct answers chains blocks of data together using cryptography algorithms that
create hashes. The hash of a prior block is included in the latest block, creating the chain.
Steps in a Blockchain Transaction correct answers 1.Initiate transaction
2.Validate transaction
3.Create a block
4.Calculate and insert a hash
5.Complete transaction
Blockchain Advantages correct answers -Accuracy
•Transparency
•Data consistency
•Trust
•No need for third parties
•Single set of books
•Cost
•Decentralization
•Efficiency
•Privacy
•Security
•Provenance
Blockchain Disadvantages correct answers •Cost
Loss of privacy and confidentiality
•Susceptibility
Virtualization correct answers Running multiple systems simultaneously on one physical
computer (~high rise condo building)
Cloud computing correct answers Using a browser to remotely access software, data storage,
hardware and applications
Internet of things (IoT) correct answers embedding sensors in a multitude of devices so they
can connect to the Internet
Cloud options correct answers - IAAS ( tAKE AND BAKE)
-PAAS (Pizza delivered)
-SAAS (Dine Out)
Value Chain correct answers Linking together of all the primary and support activities in a
business. Value is added as a product passes through the chain.
Primary activities in the value chain correct answers 1. inbound logistics
