Exam 1 Flashcards
What is information?
Data that have a particular meaning with a specific context
When does information exhibit high quality?
Only if it is pertinent, relevant, and useful to you.
What concept does garbage-in-garbage-out represent?
FORM. If the information coming into your decision-making process is in bad form, you’ll more than likely make a poor decision.
Because much of the information on the internet has not gone through any sort of quality control or verification process before being published it becomes a question of what?
Validity
What word refers to the extent of detail within the information?
Information granularity
At upper organizational levels, information becomes coarser or finer?
Coarser because it is summarized (financial statements)
Information flows in this direction describing the current state of the organization based on its daily transaction.
Upward
Information flows how between functional business units and work teams?
Horizontal
An information-literate knowledge worker knows what?
How and where to obtain information
An example of an application software is what?
Microsoft Word
What is VOIP?
VoIP or Voice over IP allows you to use the Internet for making phone calls instead of leasing traditional telephone lines from the phone company.
What manufacturing process do most large manufacturing companies use?
just-in-time
Keeping the cost of transporting materials as low as possible consistent with safe and reliable delivery is what?
Logistics
What uses information about customers to gain insights into their needs, wants, and behaviors in order to serve them better?
Customer relationship management system
What is the term that describes a company’s offering multiple ways in which customers can interact with it. Email, fax, phone, and the web.
Multi-channel service delivery
What is the fundamental goal of CRM?
Differentiation and focus
growing the organization
What is a delivery model for software in which you pay for software on a pay-per-use basis instead of buying the software outright?
Software-as-a-service (Saas)
What is a collection of integrated software for business management, accounting, finance, human resources management, project management, inventory management, service and maintenance, transportation, e-business, and–yes –supply chain management, customer relationship management, and e-collaboration? (all aspects of the business)
Enterprise resource planning (ERP)