MIS 290 EXAM 1 questions & answers rated

MIS 290 EXAM 1What are the component of a management information system (MIS)? - correct answer Data, Database, Process, Information Name Michael Porter's 3 strategies. - correct answer Low Cost Leadership, Differentiation, Focus List the steps in designing and MIS. - correct answer Define systems objectives, collect and analyze data, and provide information in a useful format for decision-making purposes What is the purpose of a DBMS? - correct answer Software for creating, storing, maintaining and accessing database files. Know the difference between internal and external data sources. - correct answer Internal is sales and personal records and External is customers, competitors, suppliers, government agencies, financial institutions, labor and population statistics, as well as economic conditions. What are the purposes for information systems different components? - correct answer Are interrelated components working together to collect ,process,store,and disseminate information to support decision making , coordination ,control,analysis , and viualization in am organization. What is the purpose of social networking? - correct answer You can connect with friends, family, and colleagues online and meet people with similar interests and hobbies. It also give customers up-to-date information and how-to support via videos. How can information technology be used to gain a competitive advantage? - correct answer They are used to reduce costs and are designed to collect data, process it, and deliver timely, relevant, and useful information for making decisions. What are examples of productivity software? - correct answer word processors, spreadsheets, database management systems, and presentation software