Chapter 1: The Importance of MIS

Question 1

MIS

Answer 1

Management Information Systems

Question 2

System

Answer 2

A group of components that interact to achieve some purpose

Question 3

Information System (IS)

Answer 3

A group of components that interact to produce information

Question 4

Not all information systems require ________

Answer 4

Computerization

Examples include a hanging calendar to book a room or a library using the Dewey Decimal System

Question 5

Five-Component Framework

Answer 5

The 5 fundamental components of an information system that are present in every information system, from the simplest to most complex

1) Computer Hardware
2) Software
3) Data
4) Procedures
5) People

Question 6

Software

Answer 6

Instructions for computers

Question 7

Data

Answer 7

Recorded facts or figures

Question 8

Procedures

Answer 8

Instructions for humans

Instructions or processes that you follow to achieve your desired objective

Question 9

People

Answer 9

Includes those who operate and service the computers, those who maintain the data, those who support networks, and those who use the system

Question 10

Hardware

Answer 10

Refers to the electronic components and associated gadgetry that constitute a computer system

Question 11

Real world examples: Canvas

Answer 11

Hardware: Students laptops, phones, computers

Software: Stored set of instructions that run on your device, as well as the specific program that the university has licensed to provide the service

Data: Stored on servers, includes student ID numbers, enrollment dates, answers to test questions

People: Well, that is you boi

Question 12

Management Information Systems definition (MIS)

Answer 12

Information systems that help businesses achieve their goals and objectives

Question 13

The definition of MIS has three key elements

Answer 13

1) development and use,
2) information systems,
3) and goals and objectives

Question 14

Achieving Business Goals and Objectives

Answer 14

First, because all businesses are organizations but not all organizations are businesses, information systems are found in almost every type of enterprise, social, and nonprofit organization, as well as all levels of government.

Question 15

Information Technology (IT) (not IS)

Answer 15

The products, methods, inventions, and standards that are used for the purpose of producing information

-Refers to raw technology and concerns only the hardware, software, and data components of an information system and how they are networked together

Question 16

IT vs IS

Answer 16

IT, by itself, will not help an organization achieve its goals and objectives. It is only when IT is embedded into an IS—that is, only when the technology within the hardware, software, and data is combined with the people and procedure components—that IT becomes useful.

Question 17

Information and Communications Technology (ICT) sector

Answer 17

Provides products and services that other industries reply on to get their work done

Question 18

Information systems are Very important to our ______

Answer 18

Economy

Question 19

Based on the Information and Communications Technology (ICT) sector numbers, we can see that:

Answer 19

There will likely be more jobs in the future termed “service” industries

• these will improve business processes rather than mainly produce products
• Due to the raising GDP and Growth

Question 20

Business professionals need to expand their knowledge of mobile devices and applications that include project management software

Answer 20

(e.g., Microsoft Project, OpenProject), business graphics (e.g., MS Visio, SmartDraw), and collaborative systems, such as Google Docs

Question 21

The report identifies five key transformative technologies, Virtual and Augmented reality, 5G Mobile, 3D Printing, Blockchain, and Artificial Intelligence that join social media, mobile computing, applications, analytics, and cloud technology as major shapers of things to come.

Answer 21

Case you need this

Question 22

According to the ICTC, there will be a rather dramatic need for individuals with a core set of skills, including the following:

Answer 22

Technical skills

Specific technology and industry experience

Satisfactory communication and other business skills

Question 23

Moore’s law

Answer 23

Gordon Moore

Stating that a number of transistors per square inch on an integrated chip doubles every 18 months
-Held true for more than 40 years now

Question 24

SSS Framework

Answer 24

Business Strategy
Information Systems Strategy
Organizing Structure Strategy