C724 (INFORMATION SYSTEMS MANAGEMENT)
WGU EXAM REVIEW COMPLETE WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) ALREADY GRADED A+
Chief information officer (CIO) - ANSWER-a business leader who analyzes
internal business processes such as payroll and billing, reshapes the physical
infrastructure and network purchases to meet business goals, and leads the
workforce to implement critical IT internal projects; responsible for information
systems strategic thinking and planning.
Chief technology officer (CTO) - ANSWER-has ultimate responsibility for all
technology implementation, maintaining technology compliance regulations, and
identifying technology risks for the company.
Chief security officer (CSO) - ANSWER-is the highest-level executive concerned
with the overall security functions and policies of a business.
Knowledge - ANSWER-The practical application of information.
Data, Information, and Knowledge example - ANSWER-Data: The number of
people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases between
2010 and 2018.
Knowledge: The number of people below the poverty line has increased due to
stagnating wages and cuts to social programs.
Decision support system - ANSWER-This system uses models and statistical
analysis to help decision makers solve problems
,Management information system (MIS) - ANSWER-Provides timely and accurate
information that enables managers to manage their departments more efficiently;
analyzes performance.
Transaction processing system - ANSWER-information system used for
processing patient admissions, employee time cards, and purchase orders
Information management - ANSWER-The management of organizational
processes and systems; helps the organization reduce costs and adds value to
products; helps the organization make better managerial decisions; stores and
processes data.
Information technology - ANSWER-The use of computer and telecommunications
systems for storing, retrieving, and sending information; comprised of hardware,
software, data, and networks.
information technology management - ANSWER-the management of hardware,
software, data, networks, and people that facilitate access to information and allow
the organization to achieve business objectives.
Strategic information system - ANSWER-provide tools used by an organization to
accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills. - ANSWER-Enhances interpersonal
and relationship-forming skills.
Porters 5 competitive forces - ANSWER-Intensity competitive rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy) - ANSWER-the cost of adding
another business participant to a business venture is small, the potential gain is
great.
, Business ecosystems - ANSWER-Network of businesses involved in delivering a
product through mutual cooperation.
Product differentiation (business strategy) - ANSWER-offering a higher quality
product to differentiate from others in the market
growth (business strategy) - ANSWER-adding new products or new enhancements
to existing products
Enterprise Resource Planning (ERP) - ANSWER-Involves utilizing computer
technology to link various aspects of a business; a very complex resource planning
system that spans the entire business; companies often have difficulty
implementing the system.
Customer Relationship Management (CRM) - ANSWER-Allows for personalized
communication to customers.
Knowledge Management (KM) - ANSWER-These systems provide tools to help
manage organizational knowledge and create value to meet business requirements
and strategic goals.
chief executive officer (CEO) - ANSWER-also called president or managing
director, is responsible for the success or failure of the company, creating the
company culture, selecting the senior management team, setting strategy and
vision, and selecting projects to fund.
chief operations officer (COO) - ANSWER-is the director of operations,
responsible for the oversight of internal operations on a day-to-day basis and for
monitoring production quotas
chief financial officer (CFO) - ANSWER-manages the company's cash flow and
evaluates and communicates financial risks.
Systems Analyst - ANSWER-A change agent who uses design and analysis
techniques to solve organizational problems using information technology; they
report about system development and keep others informed; should understand
overall business processes; focuses on analysis, design, and implementation
WGU EXAM REVIEW COMPLETE WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) ALREADY GRADED A+
Chief information officer (CIO) - ANSWER-a business leader who analyzes
internal business processes such as payroll and billing, reshapes the physical
infrastructure and network purchases to meet business goals, and leads the
workforce to implement critical IT internal projects; responsible for information
systems strategic thinking and planning.
Chief technology officer (CTO) - ANSWER-has ultimate responsibility for all
technology implementation, maintaining technology compliance regulations, and
identifying technology risks for the company.
Chief security officer (CSO) - ANSWER-is the highest-level executive concerned
with the overall security functions and policies of a business.
Knowledge - ANSWER-The practical application of information.
Data, Information, and Knowledge example - ANSWER-Data: The number of
people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases between
2010 and 2018.
Knowledge: The number of people below the poverty line has increased due to
stagnating wages and cuts to social programs.
Decision support system - ANSWER-This system uses models and statistical
analysis to help decision makers solve problems
,Management information system (MIS) - ANSWER-Provides timely and accurate
information that enables managers to manage their departments more efficiently;
analyzes performance.
Transaction processing system - ANSWER-information system used for
processing patient admissions, employee time cards, and purchase orders
Information management - ANSWER-The management of organizational
processes and systems; helps the organization reduce costs and adds value to
products; helps the organization make better managerial decisions; stores and
processes data.
Information technology - ANSWER-The use of computer and telecommunications
systems for storing, retrieving, and sending information; comprised of hardware,
software, data, and networks.
information technology management - ANSWER-the management of hardware,
software, data, networks, and people that facilitate access to information and allow
the organization to achieve business objectives.
Strategic information system - ANSWER-provide tools used by an organization to
accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills. - ANSWER-Enhances interpersonal
and relationship-forming skills.
Porters 5 competitive forces - ANSWER-Intensity competitive rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy) - ANSWER-the cost of adding
another business participant to a business venture is small, the potential gain is
great.
, Business ecosystems - ANSWER-Network of businesses involved in delivering a
product through mutual cooperation.
Product differentiation (business strategy) - ANSWER-offering a higher quality
product to differentiate from others in the market
growth (business strategy) - ANSWER-adding new products or new enhancements
to existing products
Enterprise Resource Planning (ERP) - ANSWER-Involves utilizing computer
technology to link various aspects of a business; a very complex resource planning
system that spans the entire business; companies often have difficulty
implementing the system.
Customer Relationship Management (CRM) - ANSWER-Allows for personalized
communication to customers.
Knowledge Management (KM) - ANSWER-These systems provide tools to help
manage organizational knowledge and create value to meet business requirements
and strategic goals.
chief executive officer (CEO) - ANSWER-also called president or managing
director, is responsible for the success or failure of the company, creating the
company culture, selecting the senior management team, setting strategy and
vision, and selecting projects to fund.
chief operations officer (COO) - ANSWER-is the director of operations,
responsible for the oversight of internal operations on a day-to-day basis and for
monitoring production quotas
chief financial officer (CFO) - ANSWER-manages the company's cash flow and
evaluates and communicates financial risks.
Systems Analyst - ANSWER-A change agent who uses design and analysis
techniques to solve organizational problems using information technology; they
report about system development and keep others informed; should understand
overall business processes; focuses on analysis, design, and implementation
