Midterm 1

Question 0

What is an information system

Answer 0

Any organized combination of people hardware software communications networks data resources and policies and procedures that stores retrieves transforms and disseminates information in an organization

Question 1

What is a system

Answer 1

A set of interrelated components with a clearly defined boundary, working together to achieve a common set of objectives

Question 2

What is hardware

Answer 2

Physical data

Question 3

What is software

Answer 3

Information processing instructions and procedures

Question 4

What are networks

Answer 4

Communication channels

Question 5

What is data resources

Answer 5

Stored data

Question 6

What is management information systems

Answer 6

Processing data into useful informative reports. Focuses on developing business apps that provide managerial end users with reports that help make decisions

Question 7

What are the types of information systems

Answer 7

Operations or management systems

Question 8

What are the three basic functions of a system

Answer 8

Input
Processing
Output

Question 9

Input

Answer 9

Involves capturing and assembling elements that enter the system to be process

Question 10

Processing

Answer 10

Involves transformation processes that convert input into output

Question 11

Output

Answer 11

Involves transferring elements that have been produced by transformation process to their ultimate destination

Question 12

What is feedback

Answer 12

Data about the performance of a system

Question 13

What does control involve

Answer 13

Involves monitoring and evaluating feedback to determine whether a system is moving toward the achievement of its goal

Question 14

What are the basics resources of information systems

Answer 14

People,hardware,software,data, and networks

Question 15

What are hardware resources

Answer 15

Physical devices and materials used in information processing
I.e. Machines like computers
Data media

Question 16

What is media

Answer 16

Tangible objects on which data are recorded I.e. Paper, magnetic disk

Question 17

What are some examples of computer systems

Answer 17

Laptops,tablet,midrange computer systems

Question 18

What are some examples of computer peripherals

Answer 18

Keyboard, electronic mouse, trackball,printer

Question 19

What are software resources

Answer 19

Sets of information processing instructions

Question 20

What are programs

Answer 20

Sets of operating instructions, that direct and control computer hardware

Question 21

What are procedures

Answer 21

Set of information processing instructions

Question 22

What are examples of software resources

Answer 22

System software, application software,procedures

Question 23

Data is

Answer 23

Raw facts or observations typically about physical phenomena or business transactions

Question 24

Data relates to info as

Answer 24

Data is raw material resources that are processed into finished information products

Question 25

Information is

Answer 25

Data that has been converted into meaningful and useful context for specific end users

Question 26

What are the competitive strategies

Answer 26

``` Cost leadership Differentation Innovation Growth Alliance Other strategies ```

Question 27

What are the competitive forces

Answer 27

``` Rivalry of competitors Threat of new entrants Threat of substitutes Bargaining power of customers Bargaining power of suppliers ```

Question 28

What is customer value

Answer 28

Recognizes that quality, rather than price, has become primary determinant in a customers perception of value

Question 29

This views a firm as a series chain or network of basic activities that add value to its products and services and thus add a margin of value to both the firm and it's customers

Answer 29

Value chain

Question 30

What does bpr stand for

Answer 30

Business process reengineering

Question 31

Bpr brings about

Answer 31

Dramatic improvements in cost, quality, speed, and service It's a severe change