_______ 1.
It is designed to collect, process, store, and distribute information to support
decision-making and business operations.
Answer: Information System
________ 2. It refers to enabling businesses to accept online payments from customers securely
and efficiently.
Answer: Payment Processing Solutions
________ 3. It enables real-time tracking of inventory, orders, and financial metrics for improved
business oversight.
Answer: Tracking and Visibility
_______ 4. It is the Physical components of an information system, including visible devices (e.g.,
keyboards, printers) and internal components (e.g., motherboards, memory chips).
Answer: Hardware
________ 5. It is a classification that specifies the type of value a variable can hold and how the
computer interprets and processes that data.
Answer: Data type
________ 6. Refer to a predefined schema with tables, rows, and columns to store data in an
organized manner.
Answer: Structured databases
________ 7. It is a program designed for specific user tasks such as accounting, word processing,
or graphic design.
Answer: Application software
________ 8. It refers to the massive amounts of structured, unstructured, and semi-structured data
collected from various sources.
Answer Big Data
________ 9. It is a structured project management methodology used to develop, implement, and
maintain software applications and information systems.
Answer: System Development Life Cycle (SDLC)
________ 10. Refers to the enormous amount of data generated daily from sources such as social
media, IoT devices, business transactions, and sensors.
Answer: Volume
11-13. Give at least 3 Characteristics of Accounting Information
Answer:
1. Relevance
2. Reliability
3. Comparability
4. Understandability
5. Timeliness
6. Cost-benefit
7. Verifiability
8. Neutrality
9. Components of Information Systems
14 - 15. Give at least 2 implementation considerations for an ERP
Answer:
1. Discovery & Planning
2. Design
3. Development
4. Testing
5. Deployment
6. Support & Updates
16 - 18. Give at least 3 components of Information System
Answer:
1. Hardware
2. Software
3. Data
4. People
5. Process
19 - 20. Give at least 2 Phases of Stage Development Life Cycle (SDLC)
Answer:
1. Planning
2. Systems Analysis
3. Systems Design
4. Development
5. Testing & Integration
6. Implementation
7. Operation & Maintenance