AND ANSWERS LATEST UPDATE
Based on Sam's description of an information system, all of the following are
components of an IS except _____.
A) Hardware
B) Culture
C) Data
D) Software
E) Procedures
Culture
As explained in this video, the _____ component of an information system is
considered a bridge that connects the computer side and the human side of the
system.
A) Software
B) Hardware
C) People
D) Data
E) Procedures
Data
When Sam describes modeling the inputs and outputs of an IS and
understanding how they relate to other systems, she is describing _____.
A) Strategic thinking
B) Management thinking
C) Systems thinking
D) Abstract thinking
E) Process correlation
Systems thinking
When Sam describes diagramming a business process and understanding the
purpose of the IS she is designing she is referring to ____.
A) Process correlation
B) Abstract thinking
C) Systems thinking
D) Procedural thinking
E) Strategic thinking
Abstract thinking
Based on the information in this video, which of the following is true about the
field of management information systems?
A) The focus of MIS is on database design and implementation
B) MIS professionals need to have high-level computer programming skills
C) The focus of MIS is on hiring and managing IT personnel
D) MIS professionals need to have technical hardware support skills
E) The focus of MIS is on planning and managing data, procedures, and people
, The focus of MIS is on planning and managing data, procedures, and people
Intellectual property, core competencies, and financial and human assets
Key corporate assets
Refers to business being conducted continuously (24/7), rather than in narrow
"work day" time bands of 0900-1700
Time shifting
Work takes place in a global workshop as well as within national boundaries
Space shifting
Six strategic business objectives
1. Operational excellence
2. New products, services, and business models
3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
Describes how a company produces, delivers, and sells a product or service to
create wealth
Business model
Regulated the exposure of US workers to more than 75,000 toxic chemicals,
requires firms to retain records on employee exposure for 30 years
Toxic Substances Control Act (1976)
Intended to improve the accountability of public firms and their auditors, requires
certified public accounting firms that audit public companies to retain audit
working papers and records, including all emails, for 5 years
Sarbanes-Oxley Act (2002)
Intended to strengthen regulation of the banking industry, requires firms to retain
all records for 10 years
Dodd-Frank Wall Street Reform and Consumer Protection Act (2010)
Consists of all the hardware and software that a firm needs to use in order to
achieve its business objectives
Information technology
Set of interrelated components that collect (or retrieve), process, store, and
distribute information to support decision making and control in an organization
Information system
Data that has been shaped into a form that is meaningful and useful to human
beings
Information
Streams of raw facts representing events occurring in organizations or the
physical environment before they have been organized and arranged into a form
that people can understand and use
Data
Three activities in an information system that produce the information
organizations need to make decisions, control operations, analyze problems, and
create new products or services