ISA 235 Miami University Exam 1 (Ch. 1-4) |400
Questions with Answers
fact - -the confirmation or validation of an event or object
-information age - -the present time, during which infinite quantities of facts are widely
available to anyone who can use a computer
-internet of things - -a world where interconnected, internet-enabled devices or "things"
can collect & share data without human intervention
-machine to machine (M2M) - -devices that connect directly to other devices
-data - -raw facts that describe the characteristics of an event or object
-structured data - -data that has a defined length, type, and format and includes numbers,
dates, or strings such as Customer Address
-machine-generated data - -data created by a machine without human intervention
-human-generated data - -data that humans, in interaction with computers, generate
-unstructured data - -data that is not defined and does not follow a specified format and is
typically free-form text such as emails, Twitter tweets, and text messages
-big data - -a collection of rare, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods & tools
-snapshot - -a view of data at a particular moment in time
-Data example - -order date, amount sold, customer number, quantity ordered
-information example - -best-selling product, best customer, worst-selling product, worst
customer
-business intelligence example - -lowest sales per week compared with the economic
interest rates, best-selling product by month compared to sports season and city team wins
and losses
-knowledge example - -choosing not to fire a sales representative who is underperforming
knowing that person is experiencing family problems, listing products that are about to
expire first on the menu or creating them as a daily special to move the product
-information - -data converted into a meaningful and useful context
,-report - -a document containing data organized in a table, matrix, or graphical format
allowing users to easily comprehend and understand information
-static report - -a report created once based on data that does not change
-dynamic report - -a report that changes automatically during creation
-variable - -a data characteristic that stands for a value that changes or varies over time
-business intelligence (BI) - -information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze patterns, trends,
and relationship for strategic decision making
-analytics - -the science of fact-based decision making
-predictive analytics - -extracts information from data and uses it to predict future trends
and identify behavioral patterns
-behavior analytics - -uses data about people's behaviors to understand intent and predict
future actions
-knowledge - -skills, experience, and expertise coupled with information and intelligence
that creates a person's intellectual resources
-knowledge worker - -individuals values for their ability to interpret and analyze
information
-accounting - -records, measures, and reports monetary transactions
-finance - -deals with strategic financial issues including money, banking, credit,
investments, and assets
-human resources - -maintains policies, plans, and procedures for the effective
management of employees
-marketing - -supports sales by planning, pricing, and promoting goods or services
-operations management - -manages the process of converting or transforming or
resources into goods or services
-sales - -performs the function of selling goods or services
-system - -a collection of parts that link to achieve a common purpose
, -goods - -material items or products that customers will buy to satisfy a want or need.
clothing, groceries, cell phones, and cards are all examples of goods that people buy to
fulfill their needs
-service - -tasks that customers will buy to satisfy a want or need
-productivity - -the rate at which goods and services are produced based upon total output
given total inputs
-production - -there process where a business takes raw materials and processes them or
converts them into a finished product for its goods or services
-systems thinking - -a way of monitoring the entire system by viewing multiple inputs
being processed or transformed to product outputs while continuously gathering feedback
on each part
-feedback - -information that returns to its original transmitter (input, transform, or
output) and modifies the transmitter's actions
-management information systems (MIS) - -a business function, like accounting and
human resources, which moves information about people, products, and processes across
the company to facilitate decision making & problem solving
-chief information officer (CIO) - -responsible for:
1) overseeing all uses of MIS and
2) ensuring that MIS strategically aligns with business goals and objectives
-chief data officer - -responsible for determining the types of information the enterprise
will capture, retain, analyze, and share
-chief technology officer (CTO) - -responsible for ensuring the throughput, speed,
accuracy, availability, and reliability of an organization's information technology
-chief security officer (CSO) - -responsible for ensuring the security of MIS systems and
developing strategies and MIS safeguards against attacks from hackers and viruses
-chief privacy officer (CPO) - -responsbile for ensuring the ethical and legal use of
information within a company
-chief knowledge officer (CKO) - -responsbile for collecting, maintaining, and distributing
company knowledge
-chief intellectual property officer - -manage and defend intellectual property, copyrights,
and patens
Questions with Answers
fact - -the confirmation or validation of an event or object
-information age - -the present time, during which infinite quantities of facts are widely
available to anyone who can use a computer
-internet of things - -a world where interconnected, internet-enabled devices or "things"
can collect & share data without human intervention
-machine to machine (M2M) - -devices that connect directly to other devices
-data - -raw facts that describe the characteristics of an event or object
-structured data - -data that has a defined length, type, and format and includes numbers,
dates, or strings such as Customer Address
-machine-generated data - -data created by a machine without human intervention
-human-generated data - -data that humans, in interaction with computers, generate
-unstructured data - -data that is not defined and does not follow a specified format and is
typically free-form text such as emails, Twitter tweets, and text messages
-big data - -a collection of rare, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods & tools
-snapshot - -a view of data at a particular moment in time
-Data example - -order date, amount sold, customer number, quantity ordered
-information example - -best-selling product, best customer, worst-selling product, worst
customer
-business intelligence example - -lowest sales per week compared with the economic
interest rates, best-selling product by month compared to sports season and city team wins
and losses
-knowledge example - -choosing not to fire a sales representative who is underperforming
knowing that person is experiencing family problems, listing products that are about to
expire first on the menu or creating them as a daily special to move the product
-information - -data converted into a meaningful and useful context
,-report - -a document containing data organized in a table, matrix, or graphical format
allowing users to easily comprehend and understand information
-static report - -a report created once based on data that does not change
-dynamic report - -a report that changes automatically during creation
-variable - -a data characteristic that stands for a value that changes or varies over time
-business intelligence (BI) - -information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze patterns, trends,
and relationship for strategic decision making
-analytics - -the science of fact-based decision making
-predictive analytics - -extracts information from data and uses it to predict future trends
and identify behavioral patterns
-behavior analytics - -uses data about people's behaviors to understand intent and predict
future actions
-knowledge - -skills, experience, and expertise coupled with information and intelligence
that creates a person's intellectual resources
-knowledge worker - -individuals values for their ability to interpret and analyze
information
-accounting - -records, measures, and reports monetary transactions
-finance - -deals with strategic financial issues including money, banking, credit,
investments, and assets
-human resources - -maintains policies, plans, and procedures for the effective
management of employees
-marketing - -supports sales by planning, pricing, and promoting goods or services
-operations management - -manages the process of converting or transforming or
resources into goods or services
-sales - -performs the function of selling goods or services
-system - -a collection of parts that link to achieve a common purpose
, -goods - -material items or products that customers will buy to satisfy a want or need.
clothing, groceries, cell phones, and cards are all examples of goods that people buy to
fulfill their needs
-service - -tasks that customers will buy to satisfy a want or need
-productivity - -the rate at which goods and services are produced based upon total output
given total inputs
-production - -there process where a business takes raw materials and processes them or
converts them into a finished product for its goods or services
-systems thinking - -a way of monitoring the entire system by viewing multiple inputs
being processed or transformed to product outputs while continuously gathering feedback
on each part
-feedback - -information that returns to its original transmitter (input, transform, or
output) and modifies the transmitter's actions
-management information systems (MIS) - -a business function, like accounting and
human resources, which moves information about people, products, and processes across
the company to facilitate decision making & problem solving
-chief information officer (CIO) - -responsible for:
1) overseeing all uses of MIS and
2) ensuring that MIS strategically aligns with business goals and objectives
-chief data officer - -responsible for determining the types of information the enterprise
will capture, retain, analyze, and share
-chief technology officer (CTO) - -responsible for ensuring the throughput, speed,
accuracy, availability, and reliability of an organization's information technology
-chief security officer (CSO) - -responsible for ensuring the security of MIS systems and
developing strategies and MIS safeguards against attacks from hackers and viruses
-chief privacy officer (CPO) - -responsbile for ensuring the ethical and legal use of
information within a company
-chief knowledge officer (CKO) - -responsbile for collecting, maintaining, and distributing
company knowledge
-chief intellectual property officer - -manage and defend intellectual property, copyrights,
and patens
