For Each of the Following Business Transactions, List Two Examples

question 62

Essay

For each of the following business transactions, list two examples of related accounting information system (AIS) activities:
$$\begin{array} { | l | l | } \hline \text { Business Transactions } & \text { Accounting Information System Activities } \\\hline \text { Sell merchandise inventory } & \\\hline \text { Purchase of goods or } & \\\text { services } & \\\hline \text { Payroll } & \\\hline\end{array}$$

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Definitions:

Supply Chains

The entire system of producing and delivering a product or service, from the raw materials to the final consumer.

Global Procurement

The process of sourcing goods and services from the global market to exploit global efficiencies, such as lower cost or enhanced quality and innovation.

Big Data

Describes extremely large data sets that users can analyze to uncover important and helpful statistical patterns, trends, and associations.

Internet-Based Applications

Software applications that work on the internet or cloud, allowing users to access and interact with them via web browsers.