WGU C724 Unit 2 Test Solutions 2023.

WGU C724 Unit 2 Test Solutions 2023.What accepts data as input? - Answer information systems There are different types of information systems based on the different levels of hierarchy in an organization. Which one helps senior executives analyze information and come up with alternate actions and business strategies? - Answer EIS executive information systems is at the top of the hierarchy. Businesses face difficult decisions regarding their hardware needs. Constant changes in ___________________________ can lead to obsolescence. - Answer technology One reason IT is important is because video conferencing has become cheaper, quicker, more collaborative, and more efficient. Of what IT benefit is this an example? - Answer communication Information technology is used everywhere; where you work, where you live, and where you play. Keeping track of financial information and making transfers at anytime, from home, without waiting in line is an example of what? - Answer online banking One of the advantages of information systems for businesses is to take raw data and turn it into information, and then transform that information into knowledge. The number of people in Florida below the poverty line is an example of - Answer data Internal and external elements that effect various parts of an organization, for instance the government, competitors, customers, and suppliers, are examples of what organizational feature? - Answer environment Most large corporations have several information systems to support their functional business areas. The system that processes raw metal into car frame is... - Answer manufacturing and production Business strategy is how a business achieves its goals and outperforms its competitors. Strategic Information Systems (SIS) are used to help companies accomplish business strategies. Some of the initiatives for implementing an SIS include: - Answer differentiating products, customer lock-in, and barrier to competitors What are examples of competitive forces? - Answer new market entrants, substitute products, customers, suppliers, competitive rivalry What is a business ecosystem? - Answer a collection of loosely coupled, interdependent industries that provide related services and products across many industries.