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Systems and Goals Quiz

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Questions and Answers

What is the definition of a business process?

A process of capturing transaction data and producing information output

The benefit provided by information less the cost of producing it

The act of exchanging goods or services between two entities

A set of coordinated activities that help accomplish a specific organizational goal (correct)

Which cycle involves activities associated with selling goods and services in exchange for cash or future promises?

Revenue cycle (correct)

Production or conversion cycle

Expenditure cycle

Human resources/payroll cycle

What does the term 'transaction processing' involve?

Using labor, raw materials, and equipment to produce finished goods

Hiring, training, and compensating employees

Capturing transaction data, processing it, and storing it for later use (correct)

Purchasing inventory for resale or raw materials

Which system collects, records, stores, and processes data to produce information for decision makers?

Accounting information system Signup and view all the answers

What is the value of information defined as?

The benefit provided by information less the cost of producing it Signup and view all the answers

Which activities are associated with the expenditure cycle?

Purchasing inventory for resale or raw materials Signup and view all the answers

What is a system composed of?

Two or more interrelated components Signup and view all the answers

What does goal conflict refer to?

Inconsistency between subsystem goals and the system's goals Signup and view all the answers

Which characteristic of useful information ensures it does not omit important aspects of events or activities it measures?

Complete Signup and view all the answers

What happens when there is information overload?

Decline in decision-making quality and higher information costs Signup and view all the answers

What is the result of a subsystem achieving its goals while contributing to the organization’s overall goal?

Goal congruence Signup and view all the answers

Which term refers to facts that are collected, recorded, stored, and processed by an information system?

Data Signup and view all the answers