Moore's Law - Answers The cost of data communications are data storage is essentially zero.
MIS - Answers future business professionals need to be able to assess, evaluate, and apply emerging
information technology to business.
Four components of cognitive skills - Answers Abstract reasoning , system thinking, collaboration, ability
to experiment.
Abstract reasoning - Answers is the ability to make and manipulate models.
system thinking - Answers is the ability to model the components of the system, to connect the inputs
and outputs among those components into a sensible whole that reflects the structure and dynamics of
the phenomenon observed.
Collaboration - Answers is the activity of two or more people working together to achieve a common
goal, result , or work product.
experimentation - Answers is making a reasoned analysis of an opportunity ,envisioning potential
solutions, evaluating those possibilities , and developing the most promising ones, consistent with the
resources you have.
system - Answers is a group of components that interact to achieve some purpose.
information system - Answers is a group of components that interact to produce information
Management information systems - Answers is the management and use of information systems that
help business achieve their strategies.
business process - Answers is a network of activities for accomplishing a business function.
business process modeling notation - Answers this notation is an international standard for creating
business process diagrams.
swimlane format - Answers which is a graphical arrangement in which all of the activites for a given role
are shown in a single vertical or horizontal lane.
activities - Answers which are specific tasks that need to be accomplished as part of the process
role - Answers is a subset of the activities in a business process that is performed by an actor which is a
person,group, department or organization.
repository - Answers is a collection of data that is stored within the business process.
data flow - Answers represent the movement of data from one activity to another.
effective business process - Answers is one that enables the organization to accomplish its strategy.
, efficiency - Answers is the ratio of benefits to cost.
five components of information system - Answers hardware, software, data, procedures, people.
information - Answers knowledge derived from data, whereas data is defined as recorded facts or
figures.
cooperation - Answers is a group of people working together , all doing essentially the same type of
work to accomplish a goal.
key characteristics of collaboration - Answers iteration and feedback
three criteria to team success - Answers 1)successful outcome 2 ) growth in team capability 3)
meaningful and satisfying experience
four purposes of collaboration - Answers 1) become informed 2) make decisons 3) solve problems 4)
manage project
operational decisions - Answers are those that support operational day to day activies. structured
managerial decisions - Answers are decisions about the allocation and utilization of resources .Tends to
be both structured and non structured.
Strategic decisions - Answers are those that support broad-scope ,organizational issues. tend to be
unstructed.
decision process - Answers the method or process by which the decision is to be made , not to the
nature of the underlying problem.
structured decision - Answers process is one for which there is an understood and accepted method for
making decisions.
unstructured decision - Answers process is one for which there is no agreed on decision making method.
Ex. Stock market, or economy.
problem - Answers is a perceived difference b/t what is and what ought to be.
collaboration information system - Answers is an information system that supports collaboration.
project data - Answers is data that is part of the collaboration's work product.
project metadata - Answers is data that is used to manage the project.ex scedules , taks, budgets
collaboration tool - Answers is the program component of a collaboration system.
five force model - Answers competitive from vendors and substitutes , competition from new
competitors , competition from existing rivals, bargaining power of suppliers, bargaining power of
customers.