MIS 301 MIDTERM EXAM 1 IOWA STATE QUESTIONS AND ANSWERS
2026 LATEST UPDATE
Information Technology - CORRECT ANSWER✅✅Any computer based tool that people use to work with
info and to support the info and info processing needs of an org
Information Systems - CORRECT ANSWER✅✅Collects, processes, stores, analyzes and disseminates info
for a specific purpose
Computer Based Info Systems - CORRECT ANSWER✅✅Getting the right info to the right people at the
right time in the right amount and in the right format
Data Items - CORRECT ANSWER✅✅Description of things, events, activities, and transactions that are
recorded, classified, and stored but not organized
Information - CORRECT ANSWER✅✅Data that have been organized so that they have meaning and
value
Knowledge - CORRECT ANSWER✅✅Data or info that have been organized and processed to convey
understanding, experience, accumulated learning and expertise
Hardware - CORRECT ANSWER✅✅Physical parts of system
Software - CORRECT ANSWER✅✅Program that tells the hardware what to do
Database - CORRECT ANSWER✅✅Data stored in an intuitive way
Network - CORRECT ANSWER✅✅System creating a connection between systems to share data
Procedures - CORRECT ANSWER✅✅Directions to begin processes and organize data as operator desires
, Enterprise Resource Planning Systems - CORRECT ANSWER✅✅Provide communication among
functional areas of IS
Transaction Processing Systems - CORRECT ANSWER✅✅Support real time monitoring, collection,
storage, and processing of data from org's day to day operations
Inter organizational Information Systems - CORRECT ANSWER✅✅Supply Chain Management and
electronic commerce
Business Processes - CORRECT ANSWER✅✅Ongoing collection of related activiteis that create a product
or service of value
Inputs - CORRECT ANSWER✅✅Materials, services and info that flow through and are transformed
Outputs - CORRECT ANSWER✅✅Product or services created by the process
Resources - CORRECT ANSWER✅✅People and equipment that perform activities
Efficiency - CORRECT ANSWER✅✅Doing things well
Effectiveness - CORRECT ANSWER✅✅Doing things that matter
Cross Functional Processes - CORRECT ANSWER✅✅No single functional area is responsible for
execution, and each functional area must work together
Business Process Re-engineering (BPR) - CORRECT ANSWER✅✅Restart the business process from
scratch - a "clean sheet" approach
Business Process Improvement (BPI) - CORRECT ANSWER✅✅An incremental approach that focuses on
reducing variation in the process outputs. Five phases: define, measure, analyze, improve, control
2026 LATEST UPDATE
Information Technology - CORRECT ANSWER✅✅Any computer based tool that people use to work with
info and to support the info and info processing needs of an org
Information Systems - CORRECT ANSWER✅✅Collects, processes, stores, analyzes and disseminates info
for a specific purpose
Computer Based Info Systems - CORRECT ANSWER✅✅Getting the right info to the right people at the
right time in the right amount and in the right format
Data Items - CORRECT ANSWER✅✅Description of things, events, activities, and transactions that are
recorded, classified, and stored but not organized
Information - CORRECT ANSWER✅✅Data that have been organized so that they have meaning and
value
Knowledge - CORRECT ANSWER✅✅Data or info that have been organized and processed to convey
understanding, experience, accumulated learning and expertise
Hardware - CORRECT ANSWER✅✅Physical parts of system
Software - CORRECT ANSWER✅✅Program that tells the hardware what to do
Database - CORRECT ANSWER✅✅Data stored in an intuitive way
Network - CORRECT ANSWER✅✅System creating a connection between systems to share data
Procedures - CORRECT ANSWER✅✅Directions to begin processes and organize data as operator desires
, Enterprise Resource Planning Systems - CORRECT ANSWER✅✅Provide communication among
functional areas of IS
Transaction Processing Systems - CORRECT ANSWER✅✅Support real time monitoring, collection,
storage, and processing of data from org's day to day operations
Inter organizational Information Systems - CORRECT ANSWER✅✅Supply Chain Management and
electronic commerce
Business Processes - CORRECT ANSWER✅✅Ongoing collection of related activiteis that create a product
or service of value
Inputs - CORRECT ANSWER✅✅Materials, services and info that flow through and are transformed
Outputs - CORRECT ANSWER✅✅Product or services created by the process
Resources - CORRECT ANSWER✅✅People and equipment that perform activities
Efficiency - CORRECT ANSWER✅✅Doing things well
Effectiveness - CORRECT ANSWER✅✅Doing things that matter
Cross Functional Processes - CORRECT ANSWER✅✅No single functional area is responsible for
execution, and each functional area must work together
Business Process Re-engineering (BPR) - CORRECT ANSWER✅✅Restart the business process from
scratch - a "clean sheet" approach
Business Process Improvement (BPI) - CORRECT ANSWER✅✅An incremental approach that focuses on
reducing variation in the process outputs. Five phases: define, measure, analyze, improve, control
