CS 7643 QUIZ 2 COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS VERIFIED
SOLUTIONS
Question:
Data.
Answer:
Unorganized data that lacks meaning.
Question:
Information.
Answer:
Data that has been organized in a meaningful manner.
Question:
Information system.
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.
Question:
Knowledge.
Answer:
The practical application of information.
Question:
,Data, Information, and Knowledge example.
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.
Question:
Decision support system.
Answer:
This system uses models and statistical analysis to help decision makers solve problems
Question:
Management information system (MIS).
Answer:
Provides timely and accurate information that enables managers to manage their departments more
efficiently; analyzes performance.
Question:
Transaction processing system.
Answer:
information system used for processing patient admissions, employee time cards, and purchase
orders
Question:
Information management.
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.
Question:
Information technology.
Answer:
The use of computer and telecommunications systems for storing, retrieving, and sending
information; comprised of hardware, software, data, and networks.
Question:
information technology management.
Answer:
the management of hardware, software, data, networks, and people that facilitate access to
information and allow the organization to achieve business objectives.
Question:
Strategic information system.
Answer:
provide tools used by an organization to accomplish specific tasks to gain competitive advantage.
Question:
Social Networking and interpersonal skills.
Answer:
Enhances interpersonal and relationship-forming skills.
Question:
Porters 5 competitive forces.
Answer:
, Intensity competitive rivalry bargaining power of customers bargaining power of suppliers threat of
new entrants threat of substitutes
Question:
Network economics (network-based strategy).
Answer:
the cost of adding another business participant to a business venture is small, the potential gain is
great.
Question:
Business ecosystems.
Answer:
Network of businesses involved in delivering a product through mutual cooperation.
Question:
Product differentiation (business strategy).
Answer:
offering a higher quality product to differentiate from others in the market
Question:
growth (business strategy).
Answer:
adding new products or new enhancements to existing products
Question:
Enterprise Resource Planning (ERP).
Answer:
SOLUTIONS
Question:
Data.
Answer:
Unorganized data that lacks meaning.
Question:
Information.
Answer:
Data that has been organized in a meaningful manner.
Question:
Information system.
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.
Question:
Knowledge.
Answer:
The practical application of information.
Question:
,Data, Information, and Knowledge example.
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.
Question:
Decision support system.
Answer:
This system uses models and statistical analysis to help decision makers solve problems
Question:
Management information system (MIS).
Answer:
Provides timely and accurate information that enables managers to manage their departments more
efficiently; analyzes performance.
Question:
Transaction processing system.
Answer:
information system used for processing patient admissions, employee time cards, and purchase
orders
Question:
Information management.
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.
Question:
Information technology.
Answer:
The use of computer and telecommunications systems for storing, retrieving, and sending
information; comprised of hardware, software, data, and networks.
Question:
information technology management.
Answer:
the management of hardware, software, data, networks, and people that facilitate access to
information and allow the organization to achieve business objectives.
Question:
Strategic information system.
Answer:
provide tools used by an organization to accomplish specific tasks to gain competitive advantage.
Question:
Social Networking and interpersonal skills.
Answer:
Enhances interpersonal and relationship-forming skills.
Question:
Porters 5 competitive forces.
Answer:
, Intensity competitive rivalry bargaining power of customers bargaining power of suppliers threat of
new entrants threat of substitutes
Question:
Network economics (network-based strategy).
Answer:
the cost of adding another business participant to a business venture is small, the potential gain is
great.
Question:
Business ecosystems.
Answer:
Network of businesses involved in delivering a product through mutual cooperation.
Question:
Product differentiation (business strategy).
Answer:
offering a higher quality product to differentiate from others in the market
Question:
growth (business strategy).
Answer:
adding new products or new enhancements to existing products
Question:
Enterprise Resource Planning (ERP).
Answer:
