Lu Money II Flashcards
WHAT is the purpose of an activity log in a business?
TO record the time each job is started and finished as well as the resources consumed
WHAT is Distributed Data Processing?
Information processing made possible by a network of computers dispersed through out an organization
i.e. This type of processing allows for remote access and performance of local processing at local sites
WHAT is a characteristic of an Expert system?
Expert systems can emulate management decision rules and can learn as the environment changes
WHAT is an included characteristic of an batch processing method with a detailed posting type?
Individual transactions are assigned to groups before posting; and
- each transaction has its own line entry in the appropriate ledger
WHAT type of transaction processing modes is known to have the most accurate and complete information for decision making?
Online processing
e.g. Users get immediate feedback on whether the transaction was accepted or not
WHAT is a current “Front-Office” function that has been added to ERP Software (ERP II)?
Customer Service
i.e. Customer relationship management applications
WHAT is considered an option that a Decision Support System provides?
IT allows for certain aspects of a problem to be preprogrammed
i.e. IT provides tools for an end user to employ in applying insight and judgment
WHAT is a capability of ERP II that ERP is not capable of ?
ERP II is capable of customer tracking of the order’s progress and automatic replenishment of inventory by a supplier
WHAT are examples of artificial intelligence information systems that can learn from experience?
(1) Case Based reasoning
(2) Neural Network
(3) Intelligent Agents
WHAT are Tariffs?
THEY are trade restrictions
i.e. consumption taxes designed to restrict imports
WHAT is a “Distributed Network?”
A system that has several computers connected for communication and data transmission purposes but also enables each computer to process its own data
i.e. The system is characterized by a merger of computer and telecommunications technology
WHAT is a Management Information System?
A system that collects, sorts, and processes operational financial and transactional data relevant to managerial and financial accounting
i.e. best suited to solve problems when reporting requirements are well defined
NOTE: this type of system supports day-to-day operations by aggregating and formatting data about an organization’s transactions
WHAT is a significant difference between an Accounting Information System (AIS) and a Management Information System(MIS)?
AN Accounting Information System (AIS) is a subsystem within a Management Information System
i.e. The system processes financial and transactional data relevant to managerial decisions
WHAT is an advantage of and Enterprise Resource Planning system?
THE reengineering needed for its implementation should improve business processes
i.e. INDUSTRY best practices forces the linked subunits in the organization not only to redesign and improve their processes but also to conform to one standard
WHAT is an advantage of and Enterprise Resource Planning (ERP) system?
DATA CENTRALIZATION
i.e. the elimination of data redundancy through the use of a central database
