Management Information Systems (MIS): Key Concepts and Processes Exam #1 Questions with Correct Answers

Management Information Systems (MIS): Key Concepts and
Processes Exam #1 Questions with Correct Answers
Management Information Systems (MIS) - ✔✔The study of how businesses use
technology to collect information and make better decisions.


Purpose of MIS - ✔✔To use technology to create business value.


Information System (IS) - ✔✔A system that collects data, processes it, stores it,
and produces information to support decision making.


Information Processing Cycle - ✔✔Input → Process → Output → Storage.


Input - ✔✔Data entered into a system.


Process - ✔✔When the computer manipulates or analyzes data.


Output - ✔✔The result produced by the system.


Storage - ✔✔Saving data or information for later use.


Data - ✔✔Raw facts that have not been processed.


Information - ✔✔Processed data that is meaningful and useful.