MISY questions with correct answers 2023/2024

MISYin the past five years, which field has undergone the most change because of technology - correct answer marketing An information system can be defined technically as a set of interrelated components that collect, process, store, and distribute information to support which of the following ? - correct answer decision making and control in a organization the four changes that present challenges in management information systems include the growth of cloud computing the use of big data and internet of things , the mobile platform, and the application of ____ to help managers understand their business and products - correct answer artificial intelligence new _____ require that accountants have intimate knowledge of databases, reporting systems, and networks to trace financial transactions - correct answer public laws for pcl construction implementing new info technologies ____ - correct answer changed its business operations worldwide non us expenditures for info technology exceeded ____ trillion in 2019 - correct answer 3.8 With new laws requiring the storage of emails and other important documents, estimates of information systems storage now exceeds 4.7____ - correct answer zettabytes which of the following is a business driver which focuses on ways to achieve better efficiencies to increase profits - correct answer operational excellence if a business competitor introduces and effective product or service, your need to follow is considered an example of which business driver - correct answer survival operational excellence - correct answer Improvement of efficiency to attain higher profitability business invest in IT to achieve 6 important business objectives - correct answer 1. operational excellence 2. new products 3. customer and supplier intimacy 4. improved decision making 5. competitive advantage 6. survival Customer and supplier intimacy - correct answer -Customers who are served well become repeat customers who purchase more -Close relationships with suppliers result in lower costs Improved decision making - correct answer Real time data improves ability of managers to make decisions info technology - correct answer the hardware and software that enable info to be stored, retrieved, communicated, and managed info stysemt - correct answer interrelated components that manage info data - correct answer streams of raw facts info - correct answer data shaped into meaningful, useful form 4 basic business functions - correct answer 1. Manufacturing and Production 2. Sales and Marketing 3. Finance and Accounting 4. Human Resources