Explain how an AIS system can be viewed as a set of "give-to-get" exchanges
What will be an ideal response?
An AIS system can be viewed as a set of "give-to-get" exchanges because such exchanges reflect the nature of the five transaction cycles: revenue, expenditure, human resources, production, and financing. In each cycle the organization "gives" some resource in exchange for another resource (the "get" part of the transaction). The goal is that the "give" part of the exchange is of lesser value than the "get" portion, thus generating a profit for the organization. The AIS should capture, record, and organize information relating to any transaction that occurs within a cycle.
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a. true b. false
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