Storage Is One Generic Element of the AIS; the Text

question 28

Multiple Choice

Storage is one generic element of the AIS; the text explains that data stored electronically often are grouped into three types of files.Which of the following includes one example of each file type?

• A)Purchases, sales, inventory
• B)Purchases, inventory, purchases/inventory
• C)Cash receipts, cash payments, cash on hand
• D)Sales, cost of goods sold, inventory

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Definitions:

Risk

The potential for loss or adverse outcomes arising from a variety of factors, including financial, operational, reputational, or external events.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe existing states or future outcomes.

Intuition

The ability to understand or know something immediately based on one's feelings rather than factual evidence or logical reasoning.

Availability Heuristic

Bases a decision on recent events relating to the situation at hand.