Exam 1 Review Modules 1-5 Flashcards
Module 1 Terms
What is computer literacy?
Computer literacy is….
the skill in using productivity software, such as word processors, spreadsheets, database management systems, and presentation software, as well as having a basic knowledge of hardware and software, the Internet, and collaboration tools and technologies.
What is Information literacy?
Information Literacy is….
the understanding the role of information in generating and using business intelligence.
What is Business Intelligence?
Business Intelligence is…
provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace.
(TPSs) Transaction processing systems are…
focus on data collection and processing; the major reason for using them is cost reduction.
(MIS) Management information systems are..
an organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes.
Major components of information systems are
data, database, the process, and the information
Data component
consists of raw facts and is a component of an information system.
Database component
a collection of all relevant data organized in a series of integrated files.
Process component
component of an information system generates the most useful type of information for decision making, including transaction-processing reports and models for decision analysis.
Information component
consists of facts that have been analyzed by the process component and is an output of an information system.
Useful information must be/have
timeliness, integrate with other data/information, consistency and accuracy, relevance
Information technologies are
support information systems and use the Internet, computer networks, database systems, POS systems, and RFID tags.
Five Forces Model
Buyer Power, Supplier Power, Threat of substitute goods/services, Threat of new entrants, Rivalry among competitors
Buyer Power
Is high when customers have many option and low when they have fewer options
Supplier Power
Is high when customers have limited options and is low when customers have more options
threat of substitute goods/ services
organizations use strategies to avoid the threat to gain customer loyalties. Ex. Fees, or Benefits depends on customer’s actions.
Threat of new entrants
Typically very low, organizations use focus strategies to prevent others duplicating or take customers from them. Ex. Bank switching takes a lot of time customers don’t want to waste.
Rivalry among competitors
is high when multiple competitor occupy the same marketplace, low when there are fewer competitors in a marketplace.
CTO/CIO
chief information officer or chief technology officer person oversees long-range planning and keeps eye on developments in the field that affects an company’s success.
CPO
executive position includes the responsibility of managing the risks and business impacts of privacy laws and policies
webmaster
designs and maintains an organizations website
computer programmer
writes computer programs or software segments that allow the information system to preform a specific task.
database administrator
responsible for database design and implementation
network administrator
This person oversees a company’s internal and external network systems, designing and implementing network systems that deliver correct information to the right decision maker in a timely manner. Providing network and cybersecurity is part of this position’s responsibility.