IST 305 EXAM 1 2024 WITH 100% CORRECT ANSWERS

IST 305 EXAM 1 2024 WITH 100% CORRECT ANSWERS Strategic Business Objectives - correct answer 1. Operational excellence 2. New products, services, and business models 3. Customer and supplier intimacy 4. Improved decision making 5. Competitive advantage 6. Survival Information Technology (IT) - correct answer Any computer-based tool that people use to work with information and support the information and information-processing needs of an organization Data Pyramid - correct answer Data, Information, Knowledge, Wisdom Business Processes - correct answer Manufacturing and Production Sales and Marketing Finance and accounting Human resources Transaction Processing System (TPS) - correct answer Basic business system that serves the operational level and assists in making structured decisions Business Intelligence (BI) - correct answer a broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions Management Information Systems (MIS) - correct answer A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision-making and problem-solving