Objective: Learning Objective 3
Difficulty: Moderate
AACSB: Reflective Thinking
50) Discuss the components of a supply chain.
Answer: The supply chain shows how an organization interacts with suppliers, distributors, and customers to provide value in the products it sells. The supply chain depicts the creation and sale of a product—the chain is somewhat different when a service is involved. The supply chain has five components: raw materials; manufacturer; distributor; retailer; and the consumer. Raw materials come from any number of suppliers, which in turn become part of a manufacturing process, which produces a product. The business then provides the product to distributors, who in turn sell the product to retail businesses. The product is ultimately purchased and used by consumers (who may be individuals or businesses). It is important to realize that AIS can greatly impact the traditional supply chain by creating a more efficient and timely environment in which a business can operate. More efficient operations are more effective, which in turn lowers costs, and add greater value and create improved customer satisfaction.
Concept: Value chain
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
51) ________ is a distributed ledger created using cryptography.
A) Blockchain
B) Virtualization
C) Cloud computing
D) Internet of things
Answer: A
Concept: Value chain
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
52) The use of computer systems to simulate human intelligence processes such as learning, reasoning, and self-improvement is called what?
A) artificial intelligence
B) data analytics
C) cloud computing
D) blockchain
Answer: A
Concept: Accounting information systems
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
53) Use of software and algorithms to find and solve problems and improve business performance is called what?
A) artificial intelligence
B) data analytics
C) cloud computing
D) blockchain
Answer: B
Concept: Accounting information systems
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
54) ________ is a display of important data points, metrics, and key performance indicators in easily understood line or bar charts, tables, or gauges.
A) Artificial intelligence
B) Data analytics
C) Cloud computing
D) Data dashboard
Answer: D
Concept: Accounting information systems
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
55) Running multiple systems simultaneously on one physical computer is called what?
A) artificial intelligence
B) virtualization
C) cloud computing
D) internet of things
Answer: B
Concept: Accounting information systems
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
56) ________ is using a browser to remotely access software, data storage, hardware, and applications.
A) Artificial intelligence
B) Virtualization
C) Cloud computing
D) Internet of things
Answer: C
Concept: Accounting information systems