MISC 311 Final Exam
Fact - Answer The confirmation or
validation of an event or
object
Internet of Things (IoT) - Answer A world where interconnected
Internet-enabled devices or
"things" have the ability to
collect and share data
without human intervention
Data - Answer Raw facts that describe the
characteristics of an event or
object
Structured Data - Answer Stored in a
traditional system such as a
relational database or
spreadsheet
Unstructured Data - Answer Not defined and does not follow a
specified format
Big Data - Answer A collection of
large, complex data sets,
including structured and
unstructured data, which
cannot be analyzed using
traditional database
methods and tools
Information - Answer Data converted into a meaningful and
useful context
Business Intelligence - Answer Information collected from
multiple sources such as
suppliers, customers,
competitors, partners, and
industries that analyzes
patterns, trends, and
relationships for strategic
decision making
Knowledge - Answer Knowledge
, - Skills,
experience, and expertise
coupled with information
and intelligence that
creates a person's
intellectual resources
Knowledge Worker - Answer Individual valued for their
ability to interpret and
analyze information
Management Information Systems (MIS) - Answer A business
function, like accounting
and human resources,
which moves information
about people, products,
and processes across the
company to facilitate
decision-making and
problem-solving
Structured Decisions - Answer Situations where
established processes offer potential solutions
Semi Structured Decisions - Answer Occur in situations
in which a few established processes help to
evaluate potential solutions, but not enough to
lead to a definite recommended decision
Key performance indicators (KPIs) - Answer The
quantifiable metrics a company uses to
evaluate progress toward critical success
factors
Return on invesetment ROI - Answer Indicates the
earning power of a project
Transaction processing system
(TPS) - Answer Basic business system that
serves the operational level and
assists in making structured
decisions
Decision support system (DSS) - Answer Models information to support
managers and business
professionals during the decision-
Fact - Answer The confirmation or
validation of an event or
object
Internet of Things (IoT) - Answer A world where interconnected
Internet-enabled devices or
"things" have the ability to
collect and share data
without human intervention
Data - Answer Raw facts that describe the
characteristics of an event or
object
Structured Data - Answer Stored in a
traditional system such as a
relational database or
spreadsheet
Unstructured Data - Answer Not defined and does not follow a
specified format
Big Data - Answer A collection of
large, complex data sets,
including structured and
unstructured data, which
cannot be analyzed using
traditional database
methods and tools
Information - Answer Data converted into a meaningful and
useful context
Business Intelligence - Answer Information collected from
multiple sources such as
suppliers, customers,
competitors, partners, and
industries that analyzes
patterns, trends, and
relationships for strategic
decision making
Knowledge - Answer Knowledge
, - Skills,
experience, and expertise
coupled with information
and intelligence that
creates a person's
intellectual resources
Knowledge Worker - Answer Individual valued for their
ability to interpret and
analyze information
Management Information Systems (MIS) - Answer A business
function, like accounting
and human resources,
which moves information
about people, products,
and processes across the
company to facilitate
decision-making and
problem-solving
Structured Decisions - Answer Situations where
established processes offer potential solutions
Semi Structured Decisions - Answer Occur in situations
in which a few established processes help to
evaluate potential solutions, but not enough to
lead to a definite recommended decision
Key performance indicators (KPIs) - Answer The
quantifiable metrics a company uses to
evaluate progress toward critical success
factors
Return on invesetment ROI - Answer Indicates the
earning power of a project
Transaction processing system
(TPS) - Answer Basic business system that
serves the operational level and
assists in making structured
decisions
Decision support system (DSS) - Answer Models information to support
managers and business
professionals during the decision-
