12 Questions
What is the definition of a business process?
A set of coordinated activities that help accomplish a specific organizational goal
Which cycle involves activities associated with selling goods and services in exchange for cash or future promises?
Revenue cycle
What does the term 'transaction processing' involve?
Capturing transaction data, processing it, and storing it for later use
Which system collects, records, stores, and processes data to produce information for decision makers?
Accounting information system
What is the value of information defined as?
The benefit provided by information less the cost of producing it
Which activities are associated with the expenditure cycle?
Purchasing inventory for resale or raw materials
What is a system composed of?
Two or more interrelated components
What does goal conflict refer to?
Inconsistency between subsystem goals and the system's goals
Which characteristic of useful information ensures it does not omit important aspects of events or activities it measures?
Complete
What happens when there is information overload?
Decline in decision-making quality and higher information costs
What is the result of a subsystem achieving its goals while contributing to the organization’s overall goal?
Goal congruence
Which term refers to facts that are collected, recorded, stored, and processed by an information system?
Data
Test your knowledge on systems, subsystems, goal conflict, goal congruence, and data collection in organizations.
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