QUESTIONS WITH COMPLETE
SOLUTIONS
MIS - ANSWERManagement Information Systems- a business function, like accounting
and human resources, which moves info about people, products, and processes across
the company to facilitate decision making and problem solving
CIO - ANSWERChief Information Officer: oversees all uses of IT and ensures the
strategic alignment of IT with business goals and objectives
CKO - ANSWERChief Knowledge Officer- responsible for collecting, maintaining, and
distributing the organization's knowledge
CPO - ANSWERchief privacy officer - responsible for ensuring the ethical and legal use
of information
CSO - ANSWERChief Security Officer
- Responsible for ensuring the security of IT systems
CTO - ANSWERChief Technology Officer-responsible for ensuring the throughput,
speed, accuracy, availability, and reliability of IT.
Competitive advantage - ANSWERA product or service that an organization's
customers place a greater value on than similar offerings from a competitor
first-mover advantage - ANSWEROccurs when an organization can significantly impact
its market share by being first to market with a competitive advantage
SWOT analysis - ANSWERstrengths, weaknesses, opportunities, threats
Porter's Five Forces - ANSWER1. The threat of new entrants
2. The bargaining power of buyers
3. The bargaining power of suppliers
4. The threat of substitute products and services
5. The intensity of rivalry among competitors in an industry
Porter's 3 Generic Strategies - ANSWERbroad cost leadership, broad differentiation,
narrow focused strategy
CPU - ANSWERCentral Processing Unit; the brain of the computer. The actual
hardware that interprets and executes the program (software) instructions and
coordinates how all the other hardware devices work together
, RAM - ANSWERIntegrated circuit, works with the CPU
ROM - ANSWERthe portion of a computer's primary storage that does not lost its
content once one switches off the power
System software - ANSWERcontrols how various tools work together along with
application software
Application Software - ANSWERperforms specific information processing needs
primary storage - ANSWERThe computer's main memory, which consists of the random
access memory (RAM), cache memory, and the read-only memory (ROM) that is
directly accessible to the CPU
Secondary Memory - ANSWERequipment designed to store large volumes of data for
long term storage (CD, DVD, memory stick)
input devices - ANSWERequipment used to capture information and commands
output devices - ANSWERequipment used to see, hear, or otherwise accept the results
of information processing requests (monitor, printer, microphone)
communication device - ANSWERequipment used to send information and receive it
from one location to another
The number of CPU cycles per second determines - ANSWERThe speed of the CPU
Megahertz - ANSWER(MHz): The number of millions of CPU cycles per second
gigahertz - ANSWER(GHz): The number of billions of CPU cycles per second
Binary digit - ANSWER(bit): the smallest unit of information that a computer can process
Byte - ANSWERa group of 8 bits representing one natural language character
Megabyte - ANSWER(MB,M, or Meg): 1 million bytes
Gigabyte - ANSWER(GB): 1 billion bytes
Terabyte - ANSWER1 trillion bytes
Managerial decision-making challenges - ANSWER1. Analyze large amounts of
information
2. Apply sophisticated analysis techniques
3. Make decisions quickly