Podcast
Questions and Answers
What is the definition of a business process?
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?
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?
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?
Which system collects, records, stores, and processes data to produce information for decision makers?
What is the value of information defined as?
What is the value of information defined as?
Which activities are associated with the expenditure cycle?
Which activities are associated with the expenditure cycle?
What is a system composed of?
What is a system composed of?
What does goal conflict refer to?
What does goal conflict refer to?
Which characteristic of useful information ensures it does not omit important aspects of events or activities it measures?
Which characteristic of useful information ensures it does not omit important aspects of events or activities it measures?
What happens when there is information overload?
What happens when there is information overload?
What is the result of a subsystem achieving its goals while contributing to the organization’s overall goal?
What is the result of a subsystem achieving its goals while contributing to the organization’s overall goal?
Which term refers to facts that are collected, recorded, stored, and processed by an information system?
Which term refers to facts that are collected, recorded, stored, and processed by an information system?
