IM midterm 1-9

Question 1

5 laws

Answer 1

moore’s law : the price of transistors will eventually become zero
bell’s law : the volume of computers will become smaller and smaller
metcalfe’s law : more people will use the internet
nielsen’s law : the speed of internet will increase
kryder’s law : the price of devices will decrease

Question 2

5 components of IM

Answer 2

hardware, software, data, procedure, user

Question 3

marketable skills

Answer 3

abstract reasoning : construct a model or presentation
systems thinking : model systems component and show how input and output relate to each other
collaboration : develop plans and ideas with others, provide and receive critics
ability to experiment : create and test new promising alternatives consistent with available resources

Question 4

what is MIS?

Answer 4

use –> manage –> achieving strategies

Question 5

what is a business process

Answer 5

A network of activities to accomplish a business function. ex: sales, marketing, accounting, buying and managing inventories

Question 6

what is the importance of a business process

Answer 6

to know how the company is operating then help draw a business process modeling. during the process, the company shifts from using products to delivering products

Question 7

what is business process modeling

Answer 7

a systematic way used by business analytics to represent business processes