1.

What are the four levels of activity in the pyramid representing the business
organization? Distinguish between horizontal and vertical flows of information.
2. Distinguish between natural and artificial systems.
3. What are the elements of a system?
4. What is system decomposition and subsystem interdependency? How are they related?
5. What is the relationship among data, information, and an information system?
6. Distinguish between AIS and MIS.
7. What are the three cycles of transaction processing systems?
8. What is discretionary reporting?
9. What are the characteristics of good or useful information?
10. What rules govern data collection?
11. What three transaction cycles exist in all businesses?
12. Name the major subsystems of the expenditure cycle.
13. Identify and distinguish between the physical and financial components of the
expenditure cycle.
14. Name the major subsystems of the conversion cycle.
15. Name the major subsystems of the revenue cycle.
16. Name the three types of documents.
17. Name the two types of journals.
18. Distinguish between a general journal and journal vouchers.
19. Name the two types of ledgers.
20. What is an audit trail?
21. What is business ethics?
22. What are the four areas of ethical business issues?
23. What are the main issues to be addressed in a business code of ethics required by the
Securities and Exchange Commission?
24. What are three ethical principles that may provide some guidance for ethical
responsibility?
25. What is computer ethics?
26. How do the three levels of computer ethics pop, para, and theoretical differ?
27. Are computer ethical issues new problems or just a new twist on old problems?
28. What are the computer ethical issues regarding privacy?
29. What are the computer ethical issues regarding security?
30. What are the computer ethical issues regarding ownership of property?