WGU C724 Unit 2 Test Questions and Answers(A+ Solution guide)

What accepts data as input? - information systems There are different types of information systems based on the different levels of hierarchy in an organization. Which one helps senior executives analyze information and come up with alternate actions and business strategies? - EIS executive information systems is at the top of the hierarchy. Businesses face difficult decisions regarding their hardware needs. Constant changes in ___________________________ can lead to obsolescence. - technology One reason IT is important is because video conferencing has become cheaper, quicker, more collaborative, and more efficient. Of what IT benefit is this an example? - communication Information technology is used everywhere; where you work, where you live, and where you play. Keeping track of financial information and making transfers at anytime, from home, without waiting in line is an example of what? - online banking One of the advantages of information systems for businesses is to take raw data and turn it into information, and then transform that information into knowledge. The number of people in Florida below the poverty line is an example of - data Internal and external elements that effect various parts of an organization, for instance the government, competitors, customers, and suppliers, are examples of what organizational feature? - environment Most large corporations have several information systems to support their functional business areas. The system that processes raw metal into car frame is... - manufacturing and production Business strategy is how a business achieves its goals and outperforms its competitors. Strategic Information Systems (SIS) are used to help companies accomplish business strategies. Some of the initiatives for implementing an SIS include: - differentiating products, customer lock-in, and barrier to competitorsWhat are examples of competitive forces? - new market entrants, substitute products, customers, suppliers, competitive rivalry What is a business ecosystem? - a collection of loosely coupled, interdependent industries that provide related services and products across many industries. Define synergy - the cooperation of two or more companies to gain efficiency and growth ERP (enterprise resource planning) - standardized business procedures that allow for more consistency within the business and remove redundancy. Typically uses one database to store all information needed by various business units and increases operational efficiency. Implementing this system and automate tasks so employees could do their jobs more efficiently