AIS EXAM 1 EXAM PREP 2026 Q AND A
COMPLETE REVIEW WITH ACCURATE
ANSWERS
◉ Information system
Answer: is a set of interrelated components working together to
collect, process, store and disseminate information to support
decision making
◉ Transaction Processing System (TPS)
Answer: manage process that begins with capturing transaction data
and ends with information output
◉ Management Information Systems (MIS)
Answer: provide reports to help make daily business decisions
◉ Decision Support System (DSS)
Answer: use decision models and specialized databases (often
interactive tools) to support specific, non-routine information
requests
,◉ Expert Systems (ES)
Answer: require the development of a knowledge base and makes
the decision for users
◉ Executive Information Systems (EIS)
Answer: used only by senior managers; help with strategic
decisions; often contain graphics
◉ What is accounting?
Answer: planning, recording, analyzing, and interpreting financial
information to permit judgements and decisions
◉ Business Model
Answer: a design for the successful operation of a business,
identifying revenue sources, customer base, products, and details of
financing
◉ Business process:
Answer: a group of related task designed to accomplice a concrete
business goal.
◉ Basic Business Model includes
Answer: Acquisitions and payments processes, Conversion
processes and Marketing, sales and collections processes
, ◉ Cycles within Acquisitions and Payments
Answer: Finance, Expenditure and HR/Payroll
◉ Cycles within Conversion
Answer: Production
◉ Cycles within Marketing, sales and Collections
Answer: Revenue Cycle
◉ EX of Business process: Ship goods to credit customer
Answer: Sales and collection -sales
◉ EX of Business process: Pay hourly employees for the week
Answer: Acquisition and payment - payrol
◉ EX of Business process: Sell goods for cash
Answer: Sales and collection
◉ EX of Business process: Order a new factory machine
Answer: Acquisition and payment - acquisition
COMPLETE REVIEW WITH ACCURATE
ANSWERS
◉ Information system
Answer: is a set of interrelated components working together to
collect, process, store and disseminate information to support
decision making
◉ Transaction Processing System (TPS)
Answer: manage process that begins with capturing transaction data
and ends with information output
◉ Management Information Systems (MIS)
Answer: provide reports to help make daily business decisions
◉ Decision Support System (DSS)
Answer: use decision models and specialized databases (often
interactive tools) to support specific, non-routine information
requests
,◉ Expert Systems (ES)
Answer: require the development of a knowledge base and makes
the decision for users
◉ Executive Information Systems (EIS)
Answer: used only by senior managers; help with strategic
decisions; often contain graphics
◉ What is accounting?
Answer: planning, recording, analyzing, and interpreting financial
information to permit judgements and decisions
◉ Business Model
Answer: a design for the successful operation of a business,
identifying revenue sources, customer base, products, and details of
financing
◉ Business process:
Answer: a group of related task designed to accomplice a concrete
business goal.
◉ Basic Business Model includes
Answer: Acquisitions and payments processes, Conversion
processes and Marketing, sales and collections processes
, ◉ Cycles within Acquisitions and Payments
Answer: Finance, Expenditure and HR/Payroll
◉ Cycles within Conversion
Answer: Production
◉ Cycles within Marketing, sales and Collections
Answer: Revenue Cycle
◉ EX of Business process: Ship goods to credit customer
Answer: Sales and collection -sales
◉ EX of Business process: Pay hourly employees for the week
Answer: Acquisition and payment - payrol
◉ EX of Business process: Sell goods for cash
Answer: Sales and collection
◉ EX of Business process: Order a new factory machine
Answer: Acquisition and payment - acquisition
