MIS Ch. 1

Question 0

What are the four skills that Robert Reich suggests you have in business?

Answer 0

1. ) Abstract Reasoning
2. ) Systems Thinking
3. ) Collaboration
4. ) Ability to Experiment

Question 1

Moore’s Law

Answer 1

Gordon Moore stated that because of technology improvements, “The number of transistors per square inch on an integrated chip doubles every 18 months.”

• Because of Moore’s Law, the cost of data processing, communications, and storage is essentially zero.

Question 2

Abstract Reasoning

Answer 2

The ability to make and manipulate models

Question 3

Systems Thinking

Answer 3

The ability to model the components of the system and to connect the inputs & outputs into a sensible whole

Question 4

Collaboration

Answer 4

The activity of 2 or more people working together to achieve a common goal, result, or work product

Question 5

Experimentation

Answer 5

Making a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the most promising ones, consistent with the resources you have.

Question 6

Tradable Job

Answer 6

Defined by Spence and Hlatshwayo as a job that is not dependent on a particular location; can be outsourced

Question 7

What are the 4 reasons MIS is the most important course in the business school?

Answer 7

1. ) Future business professionals need to be able to assess, evaluate, and apply emerging information technology to business.
2. ) It will give you the background you need to assess, evaluate, and apply emerging information systems technology to business.
3. ) It can give you the ultimate in job security–marketable skills– by helping you learn abstraction, systems thinking, collaboration, and experimentation.
4. ) Many MIS-related jobs are available.

Question 9

System

Answer 9

A group of components that interact to achieve some purpose

Question 10

Information System (IS)

Answer 10

A group of components that interact to produce information

• hardware, software, data, procedures, & people
• You can NOT buy it

Question 11

Name the components in the 5-Component Framework of Information Systems.

Answer 11

1. ) Hardware
2. ) Software
3. ) Data
4. ) Procedures
5. ) People

Question 12

Management of Information Systems

Answer 12

To develop, maintain, and adapt (information systems)

Question 13

When a company decides to create a Facebook page, what questions should be answered first?

Answer 13

1. ) What is the purpose of our Facebook page?
2. ) What is it going to do for us?
3. ) What is our policy for employees’ contributions?
4. ) What should we do about critical customer reviews?
5. ) Are the costs of maintaining the page sufficiently offset by the benefits?

Question 14

Information Technology (IT)

Answer 14

The products, methods, inventions, and standards that are used for the purpose of producing information

• hardware, software, & data components
• You can BUY IT

Question 15

Information

Answer 15

• Knowledge derived from data
• Data presented in a meaningful context
• Processed data; data processed by surmising, ordering, averaging, grouping, comparing, or other similar operations
• Gregory Bateson: “a difference that makes a difference”

Question 16

Data

Answer 16

Recorded facts or figures

Question 17

What Are the 5 Characteristics Data Should Have for Good Information?

Answer 17

1. ) Accurate
2. ) Timely
3. ) Relevant– to context & subject
4. ) Just Barely Sufficient
5. ) Worth Its Cost

Question 24

Define MIS and what it stands for.

Answer 24

• Management Information Systems.

* The management and use of information systems that help organizations achieve their strategies