ACC200 Ch1 Set 4 REVERSED Flashcards Preview

ACC200 > ACC200 Ch1 Set 4 REVERSED > Flashcards

Flashcards in ACC200 Ch1 Set 4 REVERSED Deck (20):
1

1) improving the quality & reducing costs of products or services
2) improving efficiency

3) sharing knowledge

4) improving efficiency & effectiveness of its supply chain

5) improving the internal control structure

6) improving decision-making

How can an AIS add value to an organisation?

2

1) identify the problem
2) collect & interpret information

3) evaluate ways to solve the problem

4) select a solution methodology

5) implement the solution

Steps to decision-making?

3

- it can identify situations requiring management action


- it can reduce uncertainty & thereby provide a basis for choosing among alternative actions

- it can store information about results of previous decisions, which provides valuable feedback that can be used to improve future decisions

- it can provide accurate information in a timely manner

How can an AIS help improve decision-making?

4

How can an AIS help improve decision-making?

5

- organisational culture


- business strategy

- information technology

Factors influencing design of an AIS?

6

Predictive analysis

7

a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable  product  or  service  for the  market .

Value chain

8

Primary activities

9

1) Inbound logistics
2) Operations activities

3) Outbound logistics

4) Marketing & sales activities

5) Service activities

Value chain - five primary activities that directly provide value to customers?

10

consist of receiving, storing & distributing materials an organisation uses to create services & products it sells

Inbound logistics

11

transform inputs into final products or services

Operations activities

12

distribute finished products or services to customers

Outbound logistics activities

13

help customers buy an organisation's products or services 

Marketing & sales activities

14

provide post-sale support to customers

Service activities

15

allow the 5 primary activities to be performed efficiently and effectively 

Support activities

16

1) Firm infrastructure
2) Human resources activities

3) Technology activities

4) Purchasing activities

Support activity categories

17

usually made up of accounting, finance, legal and general administration activities that allow an organisation to function. An AIS is part of a firm's infrastructure

Firm infrastructure

18

Human resources activities

19

improve a product or service

Technology activities

20

procure raw materials, supplies, machinery & buildings used to carry out primary activities

Purchasing activities