Quiz #1

Question 1

Key Elements for a Management Information System?

Answer 1

Management and use, information systems and strategies

Question 2

Goal of MIS

Answer 2

manage information systems to achieve business strategies

Question 3

Information System

Answer 3

group of components that interact to produce information

Question 4

Five-Component Framework

Answer 4

Hardware, software, data, procedures and people

Question 5

IS = ?

Answer 5

IT + Procedures + People

Question 6

What is Management Information Systems?

Answer 6

the study of people, technology and organizations; focuses on business processes and information technology

Question 7

Information Age

Answer 7

production, distribution, control of information; primary driver of the economy

Question 8

Digital Revolution

Answer 8

started in 1970s, the conversion from mechanical and analog devices to digital devices

Question 9

Bell’s Law

Answer 9

new computer class forms roughly each decade establishing a new industry (i.e iPhones)

Question 10

Moore’s Law

Answer 10

the number of transistors per square inch on an integrated chip doubles every 18 months

Question 11

Metcalfe’s Law

Answer 11

the value of a network is equal to the square of the number of users connected to it (n=n(n-1)/2)

Question 12

Evolution of digital technology has fundamentally altered business and has become a primary driver of?

Answer 12

Corporate profitability

Question 13

Marketable Skills

Answer 13

ability to adapt to changing technology and shifting demand, favor strong non routine cognitive skills

Question 14

Types of Marketable Skills

Answer 14

abstract reasoning, systems thinking, collaboration, ability to experiment

Question 15

IT = ?

Answer 15

hardware + software + data

Question 16

Collaboration

Answer 16

Feedback + iteration (think cycle and working TOGETHER in a project)

Question 17

Cooperation

Answer 17

NO feedback (think straight line towards the project)

Question 18

What do you need for successful collaboration?

Answer 18

providing and receiving critical feedback

Question 19

Three Criteria for Successful Collaboration

Answer 19

successful outcome, growth in the team over time, and meaningful/satisfying experience

Question 20

Four Primary Purposes of Collaboration

Answer 20

become informed (share data & communicate interpretations, and develop + document shared understandings), make decisions, solve problems, manage projects

Question 21

Operational Decisions

Answer 21

day-to-day activities (ex. restocking inventory), low collaboration, more structured

Question 22

Managerial Decisions

Answer 22

allocating and utilizing resources (ex. hiring and firing store employees), medium collaboration, becomes unstructured

Question 23

Strategic Decisions

Answer 23

broad-scope, organizational issues (ex. launching a new product), high collaboration, even more unstructured

Question 24

Problem Solving Tasks

Answer 24

define problem, identify solutions, specify eval criteria, evaluate alternatives, select alternative, implement

Question 25

Manage Problems

Answer 25

starting –> planning –> doing –> finalizing

Question 26

Components and Functions of a Collaboration Information System

Answer 26

Communication (feedback, promotes team growth, increase team satisfaction) and Sharing Content (iteration, track tasks, schedule, progress, etc)