Week 1 Flashcards
(33 cards)
What are examples of input devices in AIS?
POS devices, biometric scanners (fingerprint/iris), MICR, OCR, RFID, keyboards, and touchscreen
What is MICR used for?
Magnetic Ink Character Recognition; used by banks to print human-readable codes on checks.
What is the difference between RAM and secondary storage?
RAM is volatile (loses data when power off); secondary storage (e.g., hard disks, USB drives) is non-volatile.
Name three secondary storage devices.
Magnetic disks, DVDs, flash memory (USB drives).
What are the two main components of a CPU?
Arithmetic-Logic Unit (ALU) and Control Unit.
What is a LAN?
Local Area Network; connects devices within a limited area (e.g., office) for resource sharing.
What is client/server computing?
A model where a server shares resources (e.g., databases) with multiple client devices.
Give examples of operating systems.
Windows, macOS, iOS, Android.
What is ERP software?
Enterprise Resource Planning software; integrates business processes (e.g., SAP).
Which programming language was most popular in 2015?
Python (31.2%).
What is the difference between the Internet and the World Wide Web?
The Internet is a global network; the WWW is a system to access it via browsers (e.g., HTTP).
What does URL stand for?
Universal Resource Locator (e.g., http://www.monash.edu).
What is XBRL?
eXtensible Business Reporting Language; uses XML tags to standardize financial reporting.
What is a key benefit of XBRL?
Eliminates manual data entry and reduces errors.
What is a drawback of XBRL?
High initial setup costs (~$30–40K) and training requirements.
What protocol is used to transfer web pages?
HTTP (Hypertext Transfer Protocol).
Define data vs. information.
Data: raw facts (e.g., “2/22/14”). Information: organized data with context (e.g., an invoice).
List three characteristics of useful information.
Relevant, reliable, timely, complete, understandable, verifiable, accessible.
What is the revenue cycle?
Business process: exchange goods/services for cash.
What are the components of an AIS?
People, processes, technology, controls.
How does an AIS add value to an organization?
Improves decision-making, reduces costs, enhances supply chain efficiency.
What is the value chain?
Activities that add value to a product/service (e.g., inbound logistics, operations).
What is the difference between value chain and supply chain?
Value chain focuses on internal activities; supply chain includes external partners (suppliers, customers).
Name two primary activities in the value chain.
Inbound logistics, operations, marketing.
