B) irrelevant information received in an understandable format
C) unreliable information easily accessible
D) verifiable information received in unreadable format
Answer: A
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
29) Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?
A) name of the employee who completed the sale
B) daily sales quota
C) product sold
D) date
Answer: B
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
30) Define the concept of a system.
Answer: A system is a set of two or more components that are somehow interrelated and interact together to achieve a specific goal.
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
31) Define data, information, and how the value of information is determined.
Answer: Data: facts that are collected, entered, recorded, stored, and processed by an AIS. Information: data that has been organized and processed and is meaningful to its users. Such information is accessible, relevant, timely, reliable, verifiable, complete, and understandable. Information is of value when the benefits received from using or acting upon it outweigh the cost to produce the information.
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
32) Discuss the concept of a system and the issues of goal conflict and goal congruence.
Answer: A system is a set of two or more components that are somehow interrelated and interact together to achieve a specific goal. A system usually consists of smaller components called subsystems. These subsystems have specific and defined functions, which interact with and support the larger system. The concept of systems is key to information technology and AIS. All systems, including the AIS, must work to achieve one or more organizational goals. Goal conflict results when a decision or action of a subsystem is inconsistent with another subsystem or the system (organization) as a whole. Goal congruence results when a subsystem achieves its goals while contributing to the organization's overall goal. Subsystems should maximize organizational goals.
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
33) Discuss the fourteen characteristics of useful information.
Answer: The 14 characteristics of useful information are:
1) Access restricted: Able to limit access to authorized parties
2) Accurate: Correct; free of error; accurately represents events and activities
3) Available: Available to users when needed; in a format that can be easily and quickly used
4) Reputable: Perceived as true and credible due to highly regarded source or content
5) Complete: Does not omit aspects of events or activities; of enough breadth and depth
6) Concise: Clear, succinct; appropriate volume presented briefly but comprehensively
7) Consistent: Presented in same format over time
8) Current: Includes event and activity data up to the present date and time
9) Objective: Unbiased; unprejudiced; impartial
10) Relevant: Reduces uncertainty; improves decision making; applicable and helpful
11) Timely: Provided in time for decision makers to make decisions