Most Recent Exam 2026 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam
Information management
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
The use of computer and telecommunications systems for storing,
retrieving, and sending information; comprised of hardware,
software, data, and networks.
information technology management
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
provide tools used by an organization to accomplish specific tasks to
gain competitive advantage.
Social Networking and interpersonal skills.
Enhances interpersonal and relationship-forming skills.
Porters 5 competitive forces
Intensity competitive rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy)
the cost of adding another business participant to a business
venture is small, the potential gain is great.
Business ecosystems
Network of businesses involved in delivering a product through
mutual cooperation.
,Product differentiation (business strategy)
offering a higher quality product to differentiate from others in the
market
growth (business strategy)
adding new products or new enhancements to existing products
Enterprise Resource Planning (ERP)
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)
Allows for personalized communication to customers.
Knowledge Management (KM)
These systems provide tools to help manage organizational
knowledge and create value to meet business requirements and
strategic goals.
, chief executive officer (CEO)
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)
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)
manages the company's cash flow and evaluates and communicates
financial risks.
chief information officer (CIO)
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.