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Business Terms & Definitions Quiz

1. The document matches 21 business terms with their definitions. 2. The terms include things like accounting information system, artificial intelligence, blockchain, business processes, data, data analytics, data dashboard, expenditure cycle, general ledger and reporting system, give-get exchange, goal congruence, information, machine-readable, primary activities, production cycle, revenue cycle, supply chain, support activities, system, transaction, and value chain. 3. The definitions provide explanations for each term.

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265 views4 pages

Business Terms & Definitions Quiz

1. The document matches 21 business terms with their definitions. 2. The terms include things like accounting information system, artificial intelligence, blockchain, business processes, data, data analytics, data dashboard, expenditure cycle, general ledger and reporting system, give-get exchange, goal congruence, information, machine-readable, primary activities, production cycle, revenue cycle, supply chain, support activities, system, transaction, and value chain. 3. The definitions provide explanations for each term.

Uploaded by

s
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1.7.

 Match each of the following terms with its definition.

           1. Accounting information a. Exceeding the amount of information a human mind can

system absorb and process

           2. Artificial intelligence b. Use of software and algorithms to find and solve problems and

improve business performance

           3. Blockchain c. The benefit provided by information minus the cost of

producing it

           4. Business processes d. A set of activities and tasks that help accomplish a specific

organizational goal

           5. Data e. An agreement to exchange goods or services in exchange for

cash

           6. Data analytics f. Process of capturing, processing, and storing transaction data

for later use and for producing information output

           7. Data dashboard g. Frequent exchanges such as surrendering cash for inventory

and paying employees for labor

           8. Expenditure cycle h. Activities associated with selling goods and services in


exchange for cash or a future promise of cash

           9. General ledger and i.Value chain activities that produce, market, and deliver products

reporting system to customers and provide postdelivery support

           10. Give-get exchange j. A system that collects, records, stores, and processes data to

produce information for decision makers

           11. Goal congruence k. Linking all the primary and support activities in a business

           12. Information l. Activities such as firm infrastructure and technology that enable

main activities to be performed efficiently and effectively

           13. Machine-readable m. An organization’s value chain as well as its vendors,

distributors, and customers

           14. Primary activities n. Activities associated with purchasing inventory for resale for

cash or a promise to pay cash

           15. Production cycle o. Data in a format that can be processed by a computer

           16. Revenue cycle p. Computer systems that simulate human intelligence processes

such as learning, reasoning, and self-improvement


           17. Supply chain q. Procedures and routines that carry out specific activities,

achieve objectives, or solve problems

           18. Support activities r. Facts collected, recorded, stored, and processed by an

information system

           19. System s. Activities associated with using labor, raw materials, and

equipment to produce finished goods

           20. Transaction t. Organized and processed data that provide meaning and

improve decision making

           21. Value chain u. Display of data points and performance indicators in easily

understood charts, tables, or gauges

           22. Value of information v. Activities associated with hiring, compensating, promoting, and

terminating employees

  w. Major give-get exchanges that occur frequently in most

companies

  x. Information-processing operations involved in preparing reports

for internal and external parties


  y. Individual digital records linked using cryptography in a single

list called a chain

  z. A subsystem achieves its goals while contributing to the overall

goal

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