MIS FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS
organization that provides goods or services on commercial basis -
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CORRECT ANSWER✔✔-Business
|
physical or tangible objects: cars, electronics, etc. - CORRECT
| | | | | | | | |
ANSWER✔✔-Goods
intangible products: dental, insurance, cleaning, etc - CORRECT
| | | | | | | |
ANSWER✔✔-Services
Business exist to... - CORRECT ANSWER✔✔-create a customer
| | | | | | |
Management Information Systems _______ and _________ business -
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CORRECT ANSWER✔✔-enables and supports
| | |
4 Interrelated trends of MIS capability - CORRECT ANSWER✔✔-1.
| | | | | | | | |
Connectivity |
2. Mobile Devices
| | |
3. Cloud Computing
| | |
,4. Data Science
| |
Monsanto is an example of... - CORRECT ANSWER✔✔-product or service
| | | | | | | | |
augmentation
|
UBER is an example of... - CORRECT ANSWER✔✔-digital products &
| | | | | | | | | |
services
business function which moves info about people, processes, and
| | | | | | | | |
products across the company to facilitate decisions and problem solving
| | | | | | | | |
- CORRECT ANSWER✔✔-MIS
| | |
highest organizational level of ERP system can represent single or group
| | | | | | | | | | |
of companies - CORRECT ANSWER✔✔-Client
| | | |
T/F: one client can see a separate's client data - CORRECT ANSWER✔✔-
| | | | | | | | | | |
False
T/F: companies tend to use more than one client - CORRECT
| | | | | | | | | | |
ANSWER✔✔-True
4 Core Drivers of Information Age - CORRECT ANSWER✔✔-1. Data
| | | | | | | | |
2.Information |
,3. Business Intelligence
| | |
4. Knowledge
|
raw facts that describe the characteristics of an event or object -
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CORRECT ANSWER✔✔-Data |
Data converted into a meaningful and useful context - CORRECT
| | | | | | | | | |
ANSWER✔✔-Information
information collected from multiple sources that analyzes patterns,
| | | | | | | |
trends, and relationships for strategic decision making - CORRECT
| | | | | | | | |
ANSWER✔✔-Business Intelligence |
skills, experience, and expertise coupled with information and
| | | | | | | |
intelligence that creates a person's intellectual resources - CORRECT
| | | | | | | | |
ANSWER✔✔-Knowledge
a collection of parts that link to achieve a common purpose - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-System
A way of monitoring the entire system by viewing multiple inputs being
| | | | | | | | | | | |
processed or transformed to produce outputs while continuously
| | | | | | | |
gathering feedback on each part - CORRECT ANSWER✔✔-System
| | | | | | | |
thinking
, information that returns to its original transmitter and modifies actions -
| | | | | | | | | |
|CORRECT ANSWER✔✔-Feedback |
cross-functional system order - CORRECT ANSWER✔✔-Input -> Process-
| | | | | | |
> Output (Feedback throughout)
| | |
T/F: MIS equals business success and innovation - CORRECT
| | | | | | | | |
ANSWER✔✔-False; MIS is a tool for business | | | | | |
feature of a product or service on which customers place a greater value
| | | | | | | | | | | |
|than they do on similar offerings from competitors - CORRECT
| | | | | | | | | |
ANSWER✔✔-Competitive Advantage |
T/F: competitive advantage can be with either a lower price or with
| | | | | | | | | | | |
added product value - CORRECT ANSWER✔✔-True
| | | | |
advantage occurs when a company can significantly increase its market
| | | | | | | | | |
share by being first with new competitive advantage - CORRECT
| | | | | | | | | |
ANSWER✔✔-First-Mover
process of gathering information about the competitive environment
| | | | | | | |
including competitors' plans, activities, and products - CORRECT
| | | | | | | |
ANSWER✔✔-Competitive intelligence |
CORRECT ANSWERS
organization that provides goods or services on commercial basis -
| | | | | | | | | |
CORRECT ANSWER✔✔-Business
|
physical or tangible objects: cars, electronics, etc. - CORRECT
| | | | | | | | |
ANSWER✔✔-Goods
intangible products: dental, insurance, cleaning, etc - CORRECT
| | | | | | | |
ANSWER✔✔-Services
Business exist to... - CORRECT ANSWER✔✔-create a customer
| | | | | | |
Management Information Systems _______ and _________ business -
| | | | | | | |
CORRECT ANSWER✔✔-enables and supports
| | |
4 Interrelated trends of MIS capability - CORRECT ANSWER✔✔-1.
| | | | | | | | |
Connectivity |
2. Mobile Devices
| | |
3. Cloud Computing
| | |
,4. Data Science
| |
Monsanto is an example of... - CORRECT ANSWER✔✔-product or service
| | | | | | | | |
augmentation
|
UBER is an example of... - CORRECT ANSWER✔✔-digital products &
| | | | | | | | | |
services
business function which moves info about people, processes, and
| | | | | | | | |
products across the company to facilitate decisions and problem solving
| | | | | | | | |
- CORRECT ANSWER✔✔-MIS
| | |
highest organizational level of ERP system can represent single or group
| | | | | | | | | | |
of companies - CORRECT ANSWER✔✔-Client
| | | |
T/F: one client can see a separate's client data - CORRECT ANSWER✔✔-
| | | | | | | | | | |
False
T/F: companies tend to use more than one client - CORRECT
| | | | | | | | | | |
ANSWER✔✔-True
4 Core Drivers of Information Age - CORRECT ANSWER✔✔-1. Data
| | | | | | | | |
2.Information |
,3. Business Intelligence
| | |
4. Knowledge
|
raw facts that describe the characteristics of an event or object -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-Data |
Data converted into a meaningful and useful context - CORRECT
| | | | | | | | | |
ANSWER✔✔-Information
information collected from multiple sources that analyzes patterns,
| | | | | | | |
trends, and relationships for strategic decision making - CORRECT
| | | | | | | | |
ANSWER✔✔-Business Intelligence |
skills, experience, and expertise coupled with information and
| | | | | | | |
intelligence that creates a person's intellectual resources - CORRECT
| | | | | | | | |
ANSWER✔✔-Knowledge
a collection of parts that link to achieve a common purpose - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-System
A way of monitoring the entire system by viewing multiple inputs being
| | | | | | | | | | | |
processed or transformed to produce outputs while continuously
| | | | | | | |
gathering feedback on each part - CORRECT ANSWER✔✔-System
| | | | | | | |
thinking
, information that returns to its original transmitter and modifies actions -
| | | | | | | | | |
|CORRECT ANSWER✔✔-Feedback |
cross-functional system order - CORRECT ANSWER✔✔-Input -> Process-
| | | | | | |
> Output (Feedback throughout)
| | |
T/F: MIS equals business success and innovation - CORRECT
| | | | | | | | |
ANSWER✔✔-False; MIS is a tool for business | | | | | |
feature of a product or service on which customers place a greater value
| | | | | | | | | | | |
|than they do on similar offerings from competitors - CORRECT
| | | | | | | | | |
ANSWER✔✔-Competitive Advantage |
T/F: competitive advantage can be with either a lower price or with
| | | | | | | | | | | |
added product value - CORRECT ANSWER✔✔-True
| | | | |
advantage occurs when a company can significantly increase its market
| | | | | | | | | |
share by being first with new competitive advantage - CORRECT
| | | | | | | | | |
ANSWER✔✔-First-Mover
process of gathering information about the competitive environment
| | | | | | | |
including competitors' plans, activities, and products - CORRECT
| | | | | | | |
ANSWER✔✔-Competitive intelligence |
