Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

MIS 2000 > Chapter 1: Information Systems in Business > Flashcards

Chapter 1: Information Systems in Business Flashcards

1
Q

What is System

A

arrangement of components that work together towards common objectives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

MIS Definition

A

integration of hardware and software technologies, data, process and human elements designed to produce information for decision making purposes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Hardware Components (3)

A

Input, Output, Memory Devices,

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Designing MIS Software 3 steps

A

1.Define System Objective
2. Collect and Analyze Data
3.Provide Information in Useful format for Decision making

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Examples of Management Information Technologies Incorporated

A

Internet, Computer Networks, Database System, Point of Sale, Smartphones, Search Engines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Information System 1. Three components 2. Objective 3. IPO

A

Components: Data, Database, Process
Common Objectives: Information
IPO: Data as input -> information as output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What does MIS reduce and gain

A

reduce cost, time, and gain efficiency and comparative advantage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Data is
Internal:
External:

A

Raw facts
Internal: Within company, sales personnel records
External: customer, competitors, government, outside company

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Aggregated Data
Disaggregated Data

A

Aggregated: Collect/grouping of subtotals for categories etc sales quarter but reduce specific features
Disaggregated: itemized grouping, analyze by feature like product or territory

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Database is the ___ of information System
What is a database and what does it reduce

A

Heart
Collection of relevant data organized in integrated files
reduces time to gather, process and interpret data manually

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Database Management System - 3 function in database

A

create, organize and manage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Processes and examples

A

Generates information for decision making
- tranaction reports

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Information and usefulness depends on TICAR

A

Output of information system, relevant data and facts analyzed by process component

Timeliness, integration, consistency and accuracy, relevance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

GUI and assists with and formats

A

Graphical User interface assists the flexibility and quality of interface. They format information in tables, graphs, text etc

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Automation and 5 advantages

A

execution by a machine or computer for a task previously done manually by humans
advantages: reduce error, time, increase productivity, predictive repetition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

MIS: Resource Information (Four M’s)

A

Manpower, Materials, Machinery, Money

17
Q

3 Strategies for competing in a market

A

Overall Cost Leadership
Differentiation
Focus

18
Q

Overall Cost Leadership (3)

A

reduce cost, maintain quality, economies of scale

19
Q

Differentiation

A

What sets an organization apart from competitors and other establish organizations

20
Q

Focus strategy for business examples

A

product, product cycle, product line, area, geographic etc

21
Q

Importance of Comparative Advantage (3)

A

reduce cost, increase economies of scale and specialization.

22
Q

Differentiation Strategy

A

making products and services different from competitors

23
Q

focus strategy and how it relates to 3 tips for entering market

A

focus on specific market segments to achieve cost or differentiation analysis

24
Q

Potter’s 5 Forces and impact of IT or IS

A

Supplier Power
Buyer Power
Threat of Substitutes
New Entrants
Rivalry among competitors

25
Q

Computer Literacy and examples

A

Productivity Software etc word processors, spreadsheets, presentation

basic knowledge of hardware, software, internet

26
Q

Information Literacy

A

Understanding role of information in generating Business Intelligence

27
Q

Information Literacy and Business Intelligence provide

A

historical, current and predictive views of business operations, comparative advantage

28
Q

Digital Literacy and key difference

A

technical, cognitive skills need to perform tasks and solve problems.

Difference: capability in using networked technologies versus computing technologies

29
Q

Review Jobs and Outlook for IS in future

A

MIS 2000 (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions