Mid Term

Question 1

Explain what is meant by information system (IS) and list its components.

Answer 1

Information System: is a group of components that interact to produce information.
o Hardware
o Software
o Data
o Procedures
o People

Question 2

explain what is meant by management information system (MIS) and list its three elements.

Answer 2

Management Information System: Information System that help businesses achieve
their goals and objectives.
o Development and Use
o Information Systems
o Goals and Objectives

Question 3

discuss how information systems (IS) differ from information technology (IT).

Answer 3

• Information Technology: refers to methods, inventions, standards and products.
  o Raw technology – only the hardware, software and data of an IS and how these
  are networked together.
• Information System: refers to a system of hardware, software, data, procedures, and
  people who produce information.

Question 4

discuss the role that information and communication technologies have in our economy.

Answer 4

Information and Communications Technology (ICT) sector: provides products
and services that other industries such as retail, manufacturing, insurance and
banking rely on to get their work done.
o ICT is 3% of Canadian workers and generates $155 billion in revenue
o Includes companies involved in software and computer services.
o ICT is an important part of the economy – the delivery of services (where people
serve other businesses) is a growing area of employment.

Question 5

describe how successful business professionals use IS.

Answer 5

-Need to be able to have knowledge of mobile devices and applications such as Microsoft
office, business graphics and Google Docs.
- Understand the technologies and businesses well enough that you can identify
opportunities for innovation through technology and understand the risks.

Question 6

discuss the fundamental changes technology can bring to an economy, an organization, and an individual.

Answer 6

• Mobile devices have allowed people to work at anytime from anywhere.
• Shifts will occur in the economy, we must learn to adapt and innovate.
• These changes can be difficult to predict and lead to unintended consequences.