Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.7. Match each of the following terms with its definition. 1. Accounting information system 2. Artificial intelligence 3. Blockchain 4. Business processes 5. Data 6.

image text in transcribed
1.7. Match each of the following terms with its definition. 1. Accounting information system 2. Artificial intelligence 3. Blockchain 4. Business processes 5. Data 6. Data analytics 7. Data dashboard 8. Expenditure cycle 9. General ledger and reporting system 10. Give-get exchange a. Exceeding the amount of information a human mind can absorb and process b. Use of software and algorithms to find and solve problems and improve business performance c. The benefit provided by information minus the cost of producing it d. A set of activities and tasks that help accomplish a specific organizational goal e. An agreement to exchange goods or services in exchange for cash f. Process of capturing, processing, and storing transaction data for later use and for producing information output g. Frequent exchanges such as surrendering cash for inventory and paying employees for labor h. Activities associated with selling goods and services in exchange for cash or a future promise of cash i. Value chain activities that produce, market, and deliver products to customers and provide postdelivery support j. A system that collects, records, stores, and processes data to produce information for decision makers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Accounting questions

Question

8. Demonstrate aspects of assessing group performance

Answered: 1 week ago