WGU C724 (Information Systems
Management) Questions with Correct Answers |
Graded A+ Study Guide
Executive information system ✔️ CORRECT ANSWER✔️A system that
facilitates and supports senior managerial decisions.
Data✔️ CORRECT ANSWER✔️Unorganized data that lacks meaning.
Information✔️ CORRECT ANSWER✔️Data that has been organized in a
meaningful manner.
Information system✔️ CORRECT ANSWER✔️An integrated network of
components working together to convert data into useful information;
includes an input, a process, and an output; comprised of people, processes,
machines, and information technology.
Knowledge✔️ CORRECT ANSWER✔️The practical application of information.
Data, Information, and Knowledge example✔️ CORRECT ANSWER✔️Data: The
number of people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases
between 2010 and 2018.
,Knowledge: The number of people below the poverty line has increased due
to stagnating wages and cuts to social programs.
Decision support system✔️ CORRECT ANSWER✔️This system uses models and
statistical analysis to help decision makers solve problems
Management information system (MIS)✔️ CORRECT ANSWER✔️Provides
timely and accurate information that enables managers to manage their
departments more efficiently; analyzes performance.
Transaction processing system✔️ CORRECT ANSWER✔️information system
used for processing patient admissions, employee time cards, and purchase
orders
Information management✔️ CORRECT ANSWER✔️The management of
organizational processes and systems; helps the organization reduce costs
and adds value to products; helps the organization make better managerial
decisions; stores and processes data.
Information technology✔️ CORRECT ANSWER✔️The use of computer and
telecommunications systems for storing, retrieving, and sending
information; comprised of hardware, software, data, and networks.
information technology management✔️ CORRECT ANSWER✔️the
management of hardware, software, data, networks, and people that
,facilitate access to information and allow the organization to achieve
business objectives.
Strategic information system✔️ CORRECT ANSWER✔️provide tools used by an
organization to accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills.✔️ CORRECT ANSWER✔️Enhances
interpersonal and relationship-forming skills.
Porters 5 competitive forces✔️ CORRECT ANSWER✔️Intensity competitive
rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy)✔️ CORRECT ANSWER✔️the
cost of adding another business participant to a business venture is small,
the potential gain is great.
Business ecosystems✔️ CORRECT ANSWER✔️Network of businesses involved
in delivering a product through mutual cooperation.
Product differentiation (business strategy)✔️ CORRECT ANSWER✔️offering a
higher quality product to differentiate from others in the market
, growth (business strategy)✔️ CORRECT ANSWER✔️adding new products or
new enhancements to existing products
Enterprise Resource Planning (ERP)✔️ CORRECT ANSWER✔️Involves utilizing
computer technology to link various aspects of a business; a very complex
resource planning system that spans the entire business; companies often
have difficulty implementing the system.
Customer Relationship Management (CRM)✔️ CORRECT ANSWER✔️Allows
for personalized communication to customers.
Knowledge Management (KM)✔️ CORRECT ANSWER✔️These systems provide
tools to help manage organizational knowledge and create value to meet
business requirements and strategic goals.
chief executive officer (CEO)✔️ CORRECT ANSWER✔️also called president or
managing director, is responsible for the success or failure of the company,
creating the company culture, selecting the senior management team,
setting strategy and vision, and selecting projects to fund.
chief operations officer (COO)✔️ CORRECT ANSWER✔️is the director of
operations, responsible for the oversight of internal operations on a day-to-
day basis and for monitoring production quotas
Management) Questions with Correct Answers |
Graded A+ Study Guide
Executive information system ✔️ CORRECT ANSWER✔️A system that
facilitates and supports senior managerial decisions.
Data✔️ CORRECT ANSWER✔️Unorganized data that lacks meaning.
Information✔️ CORRECT ANSWER✔️Data that has been organized in a
meaningful manner.
Information system✔️ CORRECT ANSWER✔️An integrated network of
components working together to convert data into useful information;
includes an input, a process, and an output; comprised of people, processes,
machines, and information technology.
Knowledge✔️ CORRECT ANSWER✔️The practical application of information.
Data, Information, and Knowledge example✔️ CORRECT ANSWER✔️Data: The
number of people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases
between 2010 and 2018.
,Knowledge: The number of people below the poverty line has increased due
to stagnating wages and cuts to social programs.
Decision support system✔️ CORRECT ANSWER✔️This system uses models and
statistical analysis to help decision makers solve problems
Management information system (MIS)✔️ CORRECT ANSWER✔️Provides
timely and accurate information that enables managers to manage their
departments more efficiently; analyzes performance.
Transaction processing system✔️ CORRECT ANSWER✔️information system
used for processing patient admissions, employee time cards, and purchase
orders
Information management✔️ CORRECT ANSWER✔️The management of
organizational processes and systems; helps the organization reduce costs
and adds value to products; helps the organization make better managerial
decisions; stores and processes data.
Information technology✔️ CORRECT ANSWER✔️The use of computer and
telecommunications systems for storing, retrieving, and sending
information; comprised of hardware, software, data, and networks.
information technology management✔️ CORRECT ANSWER✔️the
management of hardware, software, data, networks, and people that
,facilitate access to information and allow the organization to achieve
business objectives.
Strategic information system✔️ CORRECT ANSWER✔️provide tools used by an
organization to accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills.✔️ CORRECT ANSWER✔️Enhances
interpersonal and relationship-forming skills.
Porters 5 competitive forces✔️ CORRECT ANSWER✔️Intensity competitive
rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy)✔️ CORRECT ANSWER✔️the
cost of adding another business participant to a business venture is small,
the potential gain is great.
Business ecosystems✔️ CORRECT ANSWER✔️Network of businesses involved
in delivering a product through mutual cooperation.
Product differentiation (business strategy)✔️ CORRECT ANSWER✔️offering a
higher quality product to differentiate from others in the market
, growth (business strategy)✔️ CORRECT ANSWER✔️adding new products or
new enhancements to existing products
Enterprise Resource Planning (ERP)✔️ CORRECT ANSWER✔️Involves utilizing
computer technology to link various aspects of a business; a very complex
resource planning system that spans the entire business; companies often
have difficulty implementing the system.
Customer Relationship Management (CRM)✔️ CORRECT ANSWER✔️Allows
for personalized communication to customers.
Knowledge Management (KM)✔️ CORRECT ANSWER✔️These systems provide
tools to help manage organizational knowledge and create value to meet
business requirements and strategic goals.
chief executive officer (CEO)✔️ CORRECT ANSWER✔️also called president or
managing director, is responsible for the success or failure of the company,
creating the company culture, selecting the senior management team,
setting strategy and vision, and selecting projects to fund.
chief operations officer (COO)✔️ CORRECT ANSWER✔️is the director of
operations, responsible for the oversight of internal operations on a day-to-
day basis and for monitoring production quotas
