Midterm

Question 1

System thinking

Answer 1

Way of monitoring entire system by viewing multiple inputs being or transformed to produce outputs while continuously gathering feedback

Question 2

Competitive advantage

Answer 2

Feature of product that sets above other companies

Question 3

Business intelligence

Answer 3

Info collected from multiple sources to analyze patterns, trends, and relationships for strategic decision making

Question 4

SWOT

Answer 4

Strength. Weakness. Opportunities. Threats

Question 5

Porters five forces

Answer 5

Analyzes competitive forces within the environment which company operates to asses the potential for profitability in an industry

Question 6

Operational level

Day to day

Answer 6

Employees develop, control and maintain core business activities required to run day to day operations

Question 7

Efficiency MIS metrics

Answer 7

Measures performance of MIS

• transactional speed
• system availability

Question 8

Key performance indicators

Answer 8

Qualifiable metrics with company uses to evaluate progress toward critical success factors

Question 9

Streamlining

Answer 9

Improves business process efficiencies by simplifying or eliminating unnecessary steps

Question 10

E commerce

Answer 10

Buying and selling of goods and services over the Internet

Question 11

EBusiness

Answer 11

Includes eCommerce along with activities related to Internet and external business operations

Question 12

Trade mark

Answer 12

Distinctive mark

Question 13

Information ethics

Answer 13

Govern ethical and moral issues arising from development and use of information

Question 14

Information security

Answer 14

Protect info from accidental misuse of personal info of an organization

Question 15

Structured decisions

Answer 15

Also considered operational. Made frequently and are almost repetitive in nature, short term business strategies

Question 16

Managerial levels

Middle of triangle

Answer 16

Employees continuously evaluating company operations to hone firms abilities to identify, adapt and leverage change

Question 17

Effectiveness

Answer 17

Measure impact of MIS has on business process and activities
- customer satisfaction

Question 18

Transactional info

Answer 18

Encompasses all the info contained within a single business process or unit of work

Question 19

Streamlining

Answer 19

Improves business process efficiencies by simplifying or eliminating unnecessary steps

Question 20

E commerce

Answer 20

Buying and selling of goods and services over the Internet

Question 21

EBusiness

Answer 21

Includes eCommerce along with activities related to Internet and external business operations

Question 22

Information property

Answer 22

Protect property that is primarily part of mental creativity rather than physical

Question 23

Copyright protect expensive ideas

Answer 23

Fixed
Original
Creative

Question 24

EPolicies

Answer 24

Policies and procedures that address the info management along with ethical use of computers and Internet in business environment

Question 25

Virus

Answer 25

Software written with malicious intent

Question 26

Worm

Answer 26

Spreads from filetofile. And computer to computer