MIS 200 EXAM 1 Study Guide
(Cottrell) Questions and Answers
Bell's law - -a new computer class forms roughly each decade establishing a
new industry
- Nielson's Law - -network connection speeds for high-end users will
increase by 50% per year
- Metcalfe's law - -the value of a network is equal to the square of the
number of users connected to it
- Moore's Law - -The number of transistors per square inch on an integrated
chip doubles every 18 months
- Kryder's Law - -Storage capacity is increasing exponentially. The cost of
storing data is approaching zero.
- What is MIS? - -the management and use of information systems that help
organizations achieve their strategies
- Components of Every Information System - -Hardware, Software, Data,
Procedures, People.
It is harder to implement change in people, but easier to do so in hardware.
- Information - -Data converted into a meaningful and useful context.
People perceive data, and then conceive that data into information.
- Characteristics of Data - -1. Accurate- correct and complete
2. Timely- available when decisions need to be made
3. Relevant- useful to management to make decisions
4. Worth its cost
5. Just Sufficient
- Characteristic of a Strong Password - -1. must contain at least 12+
characters
2. Must not contain a whole dictionary word.
3. Contains both upper and lower-case letters, numbers, and special
characters (@#><.,)
4. Must be different from other passwords
5. Doesn't contain whole personal info (names, birthdays, company names).
- What is the Primary Collaborative System we use in MIS? - -Microsoft
Teams
, - What is the primary function of IS in Collaboration? - -Communication and
Content Sharing
- Collaboration - -a group of people working together to achieve a common
goal via a process of feedback and iteration
- Cooperation - -a group of people working together, all doing essentially
the same type of work, to accomplish a job
- Why are Iteration and Feedback key characteristics for Collaboration? - -
They provide constructive criticism and learning opportunities for members
in a group.
- Collaboration Needs for Decision Making - -Strategic, Managerial,
Operational. Strategic requires the most collaboration, while operational is
more structured and therefore requires less.
- Strategic Decisions - -decisions that support broad-scope, organizational
issues
- Managerial Decisions - -decisions about the allocation and utilization of
resources
- Operational Decisions - -those that support operational, day-to-day
activities. Most structured, least collaboration.
- 5 Forces that determine Industry Structure - -1. Bargaining power of
customers
2. Threat of substitutions
3. Bargaining power of suppliers
4. Threat of new entrants
5. Rivalry
- Competitive Advantage - -1. Lowest Cost Across Industry
2. Better product/service across Industry
3. Lowest Cost within an industry segment
4. Better product/service within an industry segment
- Buyer Power - -One of Porter's Five forces; measures the ability of buyers
to affect the price they must pay for an item. High when customers have
many choices and low when customers have few choices.
- Supplier Power - -One of Porter's Five Forces; measures the suppliers'
ability to influence the prices they charge for supplies (including materials,
(Cottrell) Questions and Answers
Bell's law - -a new computer class forms roughly each decade establishing a
new industry
- Nielson's Law - -network connection speeds for high-end users will
increase by 50% per year
- Metcalfe's law - -the value of a network is equal to the square of the
number of users connected to it
- Moore's Law - -The number of transistors per square inch on an integrated
chip doubles every 18 months
- Kryder's Law - -Storage capacity is increasing exponentially. The cost of
storing data is approaching zero.
- What is MIS? - -the management and use of information systems that help
organizations achieve their strategies
- Components of Every Information System - -Hardware, Software, Data,
Procedures, People.
It is harder to implement change in people, but easier to do so in hardware.
- Information - -Data converted into a meaningful and useful context.
People perceive data, and then conceive that data into information.
- Characteristics of Data - -1. Accurate- correct and complete
2. Timely- available when decisions need to be made
3. Relevant- useful to management to make decisions
4. Worth its cost
5. Just Sufficient
- Characteristic of a Strong Password - -1. must contain at least 12+
characters
2. Must not contain a whole dictionary word.
3. Contains both upper and lower-case letters, numbers, and special
characters (@#><.,)
4. Must be different from other passwords
5. Doesn't contain whole personal info (names, birthdays, company names).
- What is the Primary Collaborative System we use in MIS? - -Microsoft
Teams
, - What is the primary function of IS in Collaboration? - -Communication and
Content Sharing
- Collaboration - -a group of people working together to achieve a common
goal via a process of feedback and iteration
- Cooperation - -a group of people working together, all doing essentially
the same type of work, to accomplish a job
- Why are Iteration and Feedback key characteristics for Collaboration? - -
They provide constructive criticism and learning opportunities for members
in a group.
- Collaboration Needs for Decision Making - -Strategic, Managerial,
Operational. Strategic requires the most collaboration, while operational is
more structured and therefore requires less.
- Strategic Decisions - -decisions that support broad-scope, organizational
issues
- Managerial Decisions - -decisions about the allocation and utilization of
resources
- Operational Decisions - -those that support operational, day-to-day
activities. Most structured, least collaboration.
- 5 Forces that determine Industry Structure - -1. Bargaining power of
customers
2. Threat of substitutions
3. Bargaining power of suppliers
4. Threat of new entrants
5. Rivalry
- Competitive Advantage - -1. Lowest Cost Across Industry
2. Better product/service across Industry
3. Lowest Cost within an industry segment
4. Better product/service within an industry segment
- Buyer Power - -One of Porter's Five forces; measures the ability of buyers
to affect the price they must pay for an item. High when customers have
many choices and low when customers have few choices.
- Supplier Power - -One of Porter's Five Forces; measures the suppliers'
ability to influence the prices they charge for supplies (including materials,
