WGU D490 MSCIA GRADUATE CAPSTONE
TASK 3 UPDATED TASK SCRIPT WITH
COMPLETE ANSWERS
◉ Management Information Systems.
Answer: coordinating information, people, technology
◉ Types of Information (3 types).
Answer: Data, Information, Business intelligence
◉ Data.
Answer: basic facts, fairly meaningless out of context
◉ Information (as opposed to Data).
Answer: relevant data to be used in making a specific operational
decision
◉ Business Intelligence.
Answer: a collection of information that allows you to make strategic
business decisions
◉ 4 Information quality factors.
,Answer: Timeliness, Location, Form, Validity
◉ Timeliness.
Answer: access to information when you need it
◉ Location (an information quality factor).
Answer: access to information where you need it
◉ Form (an information quality factor).
Answer: how it is presented and its accuracy (Garbage In, Garbage
Out is a way of saying information had bad form so it's useless.)
◉ Validity (an information quality factor).
Answer: credibility of the source
◉ Information flow (3 types, 1 quality of).
Answer: Vertically, Horizontally, In/Out, Granularity
◉ Information Flow: Vertically, Up.
Answer: Specific transactions are aggregated and summarized for
managers
,◉ Information Flow: Vertically, Down.
Answer: strategies and goals from management are applied in
making decisions related to individual customers or suppliers
◉ Granularity of information.
Answer: changes as it moves up and down vertically, fine granularity
for specific situations, course granularity for strategic decision-
making
◉ Information Flow: Horizontally.
Answer: departments within the organization share information
with each other
◉ Information Flow: In/Out.
Answer: exchanging information with customers and suppliers, or
sometimes even with competitors
◉ Information types (4 types).
Answer: Internal, external, Objective, Subjective
◉ Internal Information.
Answer: information about the organization
, ◉ External Information.
Answer: information about the environment in which the
organization operates
◉ Objective Information.
Answer: known, measurable information
◉ Subjective Information.
Answer: estimates, unknowns, educated guesses
◉ Break Even Analysis (Definition and a tip).
Answer: When (Revenue - Variable Cost) times number of units sold
is greater than or equal to Fixed Cost, you have broken even (Tip)
Use Technology to reduce fixed or variable costs and increase
revenue
◉ Fixed Cost (Part of break-even analysis).
Answer: amount you spend no matter how much you sell (rent,
design, advertising)
◉ Variable Cost (part of break-even analysis).
Answer: unit price of labor and materials
TASK 3 UPDATED TASK SCRIPT WITH
COMPLETE ANSWERS
◉ Management Information Systems.
Answer: coordinating information, people, technology
◉ Types of Information (3 types).
Answer: Data, Information, Business intelligence
◉ Data.
Answer: basic facts, fairly meaningless out of context
◉ Information (as opposed to Data).
Answer: relevant data to be used in making a specific operational
decision
◉ Business Intelligence.
Answer: a collection of information that allows you to make strategic
business decisions
◉ 4 Information quality factors.
,Answer: Timeliness, Location, Form, Validity
◉ Timeliness.
Answer: access to information when you need it
◉ Location (an information quality factor).
Answer: access to information where you need it
◉ Form (an information quality factor).
Answer: how it is presented and its accuracy (Garbage In, Garbage
Out is a way of saying information had bad form so it's useless.)
◉ Validity (an information quality factor).
Answer: credibility of the source
◉ Information flow (3 types, 1 quality of).
Answer: Vertically, Horizontally, In/Out, Granularity
◉ Information Flow: Vertically, Up.
Answer: Specific transactions are aggregated and summarized for
managers
,◉ Information Flow: Vertically, Down.
Answer: strategies and goals from management are applied in
making decisions related to individual customers or suppliers
◉ Granularity of information.
Answer: changes as it moves up and down vertically, fine granularity
for specific situations, course granularity for strategic decision-
making
◉ Information Flow: Horizontally.
Answer: departments within the organization share information
with each other
◉ Information Flow: In/Out.
Answer: exchanging information with customers and suppliers, or
sometimes even with competitors
◉ Information types (4 types).
Answer: Internal, external, Objective, Subjective
◉ Internal Information.
Answer: information about the organization
, ◉ External Information.
Answer: information about the environment in which the
organization operates
◉ Objective Information.
Answer: known, measurable information
◉ Subjective Information.
Answer: estimates, unknowns, educated guesses
◉ Break Even Analysis (Definition and a tip).
Answer: When (Revenue - Variable Cost) times number of units sold
is greater than or equal to Fixed Cost, you have broken even (Tip)
Use Technology to reduce fixed or variable costs and increase
revenue
◉ Fixed Cost (Part of break-even analysis).
Answer: amount you spend no matter how much you sell (rent,
design, advertising)
◉ Variable Cost (part of break-even analysis).
Answer: unit price of labor and materials
