ITM 220 FINAL EXAM || ALREADY GRADED A+.
Define MIS correct answers Management Information Studies. Management and use of
processes, information systems, and information to help organizations achieve their strategies
Why is MIS important to organizations? correct answers • Learn to assess, analyze, apply
emerging
information technologies to business
• Provides job security through marketable skills
such as abstract reasoning, systems thinking,
collaboration, and experimentation
Describe competitive strategy defined by Porter:
Lowest cost across industry correct answers Cost Leadership: Lower costs across a broad range
of product offerings.
Describe competitive strategy defined by Porter:
Lowest cost within a segment correct answers Cost Focus: Competitive cost leadership in a small
cluster of target segments.
Describe competitive strategy defined by Porter:
Better product/service across industry correct answers Differentiation: Distinctly recognizable
positions across a whole range of offerings
Describe competitive strategy defined by Porter:
, Better product/service within a segment correct answers Differentiation Focus: Unique and
distinct position in specific target segments.
How does MIS relate to organizational strategy? correct answers
Define a business process correct answers Sequence of activities (tasks) for accomplishing a
function. Involving people, computers and data.
ex. Registering for a class, issue payment to supplier
Components of an information system? correct answers software, hardware, data, procedures and
people
Dynamic business process correct answers It's informal, processes changes rapidly, adaptation is
critical and effectiveness is more important.
ex: At fast-food restaurant- landscaping or hiring
Structured business process correct answers It's formal process, changes are slow/ difficult,
control is critical and efficiency is more important.
ex: At fast-food restaurant- scheduling, drive thru, opening/closing
Data correct answers - Facts and statistics collected together for reference or analysis.
Information correct answers - Knowledge derived from data
- Data presented in a meaningful context
- Processed data
- A difference that makes a difference
Define MIS correct answers Management Information Studies. Management and use of
processes, information systems, and information to help organizations achieve their strategies
Why is MIS important to organizations? correct answers • Learn to assess, analyze, apply
emerging
information technologies to business
• Provides job security through marketable skills
such as abstract reasoning, systems thinking,
collaboration, and experimentation
Describe competitive strategy defined by Porter:
Lowest cost across industry correct answers Cost Leadership: Lower costs across a broad range
of product offerings.
Describe competitive strategy defined by Porter:
Lowest cost within a segment correct answers Cost Focus: Competitive cost leadership in a small
cluster of target segments.
Describe competitive strategy defined by Porter:
Better product/service across industry correct answers Differentiation: Distinctly recognizable
positions across a whole range of offerings
Describe competitive strategy defined by Porter:
, Better product/service within a segment correct answers Differentiation Focus: Unique and
distinct position in specific target segments.
How does MIS relate to organizational strategy? correct answers
Define a business process correct answers Sequence of activities (tasks) for accomplishing a
function. Involving people, computers and data.
ex. Registering for a class, issue payment to supplier
Components of an information system? correct answers software, hardware, data, procedures and
people
Dynamic business process correct answers It's informal, processes changes rapidly, adaptation is
critical and effectiveness is more important.
ex: At fast-food restaurant- landscaping or hiring
Structured business process correct answers It's formal process, changes are slow/ difficult,
control is critical and efficiency is more important.
ex: At fast-food restaurant- scheduling, drive thru, opening/closing
Data correct answers - Facts and statistics collected together for reference or analysis.
Information correct answers - Knowledge derived from data
- Data presented in a meaningful context
- Processed data
- A difference that makes a difference
