1
C724 (Information Systems
Management) - WGU Questions with
100% Correct Answers
Executive information system Correct Answer: A system that facilitates and
supports senior managerial decisions.
Data Correct Answer: Unorganized data that lacks meaning.
Information Correct Answer: Data that has been organized in a meaningful
manner.
Information system Correct Answer: An integrated network of components
working together to convert data into useful information; includes an input, a
process, and an output; comprised of people, processes, machines, and
information technology.
Knowledge Correct Answer: The practical application of information.
Data, Information, and Knowledge example Correct Answer: Data: The number
of people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases between
2010 and 2018.
:
vPretest - Stuvia US
,2
Knowledge: The number of people below the poverty line has increased due to
stagnating wages and cuts to social programs.
Decision support system Correct Answer: This system uses models and statistical
analysis to help decision makers solve problems
Management information system (MIS) Correct Answer: Provides timely and
accurate information that enables managers to manage their departments
more efficiently; analyzes performance.
Transaction processing system Correct Answer: information system used for
processing patient admissions, employee time cards, and purchase orders
Information management Correct Answer: The management of organizational
processes and systems; helps the organization reduce costs and adds value to
products; helps the organization make better managerial decisions; stores and
processes data.
Information technology Correct Answer: The use of computer and
telecommunications systems for storing, retrieving, and sending information;
comprised of hardware, software, data, and networks.
information technology management Correct Answer: the management of
hardware, software, data, networks, and people that facilitate access to
information and allow the organization to achieve business objectives.
Strategic information system Correct Answer: provide tools used by an
organization to accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills. Correct Answer: Enhances
interpersonal and relationship-forming skills.
:
vPretest - Stuvia US
,3
Porters 5 competitive forces Correct Answer: Intensity competitive rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy) Correct Answer: the cost of
adding another business participant to a business venture is small, the potential
gain is great.
Business ecosystems Correct Answer: Network of businesses involved in
delivering a product through mutual cooperation.
Product differentiation (business strategy) Correct Answer: offering a higher
quality product to differentiate from others in the market
growth (business strategy) Correct Answer: adding new products or new
enhancements to existing products
Enterprise Resource Planning (ERP) Correct Answer: Involves utilizing computer
technology to link various aspects of a business; a very complex resource
planning system that spans the entire business; companies often have difficulty
implementing the system.
Customer Relationship Management (CRM) Correct Answer: Allows for
personalized communication to customers.
:
vPretest - Stuvia US
, 4
Knowledge Management (KM) Correct Answer: These systems provide tools to
help manage organizational knowledge and create value to meet business
requirements and strategic goals.
chief executive officer (CEO) Correct Answer: also called president or
managing director, is responsible for the success or failure of the company,
creating the company culture, selecting the senior management team, setting
strategy and vision, and selecting projects to fund.
chief operations officer (COO) Correct Answer: is the director of operations,
responsible for the oversight of internal operations on a day-to-day basis and for
monitoring production quotas
chief financial officer (CFO) Correct Answer: manages the company's cash flow
and evaluates and communicates financial risks.
chief information officer (CIO) Correct Answer: a business leader who analyzes
internal business processes such as payroll and billing, reshapes the physical
infrastructure and network purchases to meet business goals, and leads the
workforce to implement critical IT internal projects; responsible for information
systems strategic thinking and planning.
chief technology officer (CTO) Correct Answer: has ultimate responsibility for all
technology implementation, maintaining technology compliance regulations,
and identifying technology risks for the company.
chief security officer (CSO) Correct Answer: is the highest level executive
concerned with the overall security functions and policies of a business.
:
vPretest - Stuvia US
C724 (Information Systems
Management) - WGU Questions with
100% Correct Answers
Executive information system Correct Answer: A system that facilitates and
supports senior managerial decisions.
Data Correct Answer: Unorganized data that lacks meaning.
Information Correct Answer: Data that has been organized in a meaningful
manner.
Information system Correct Answer: An integrated network of components
working together to convert data into useful information; includes an input, a
process, and an output; comprised of people, processes, machines, and
information technology.
Knowledge Correct Answer: The practical application of information.
Data, Information, and Knowledge example Correct Answer: Data: The number
of people below the poverty line in the region is 50,000.
Information: The number of people below the poverty line increases between
2010 and 2018.
:
vPretest - Stuvia US
,2
Knowledge: The number of people below the poverty line has increased due to
stagnating wages and cuts to social programs.
Decision support system Correct Answer: This system uses models and statistical
analysis to help decision makers solve problems
Management information system (MIS) Correct Answer: Provides timely and
accurate information that enables managers to manage their departments
more efficiently; analyzes performance.
Transaction processing system Correct Answer: information system used for
processing patient admissions, employee time cards, and purchase orders
Information management Correct Answer: The management of organizational
processes and systems; helps the organization reduce costs and adds value to
products; helps the organization make better managerial decisions; stores and
processes data.
Information technology Correct Answer: The use of computer and
telecommunications systems for storing, retrieving, and sending information;
comprised of hardware, software, data, and networks.
information technology management Correct Answer: the management of
hardware, software, data, networks, and people that facilitate access to
information and allow the organization to achieve business objectives.
Strategic information system Correct Answer: provide tools used by an
organization to accomplish specific tasks to gain competitive advantage.
Social Networking and interpersonal skills. Correct Answer: Enhances
interpersonal and relationship-forming skills.
:
vPretest - Stuvia US
,3
Porters 5 competitive forces Correct Answer: Intensity competitive rivalry
bargaining power of customers
bargaining power of suppliers
threat of new entrants
threat of substitutes
Network economics (network-based strategy) Correct Answer: the cost of
adding another business participant to a business venture is small, the potential
gain is great.
Business ecosystems Correct Answer: Network of businesses involved in
delivering a product through mutual cooperation.
Product differentiation (business strategy) Correct Answer: offering a higher
quality product to differentiate from others in the market
growth (business strategy) Correct Answer: adding new products or new
enhancements to existing products
Enterprise Resource Planning (ERP) Correct Answer: Involves utilizing computer
technology to link various aspects of a business; a very complex resource
planning system that spans the entire business; companies often have difficulty
implementing the system.
Customer Relationship Management (CRM) Correct Answer: Allows for
personalized communication to customers.
:
vPretest - Stuvia US
, 4
Knowledge Management (KM) Correct Answer: These systems provide tools to
help manage organizational knowledge and create value to meet business
requirements and strategic goals.
chief executive officer (CEO) Correct Answer: also called president or
managing director, is responsible for the success or failure of the company,
creating the company culture, selecting the senior management team, setting
strategy and vision, and selecting projects to fund.
chief operations officer (COO) Correct Answer: is the director of operations,
responsible for the oversight of internal operations on a day-to-day basis and for
monitoring production quotas
chief financial officer (CFO) Correct Answer: manages the company's cash flow
and evaluates and communicates financial risks.
chief information officer (CIO) Correct Answer: a business leader who analyzes
internal business processes such as payroll and billing, reshapes the physical
infrastructure and network purchases to meet business goals, and leads the
workforce to implement critical IT internal projects; responsible for information
systems strategic thinking and planning.
chief technology officer (CTO) Correct Answer: has ultimate responsibility for all
technology implementation, maintaining technology compliance regulations,
and identifying technology risks for the company.
chief security officer (CSO) Correct Answer: is the highest level executive
concerned with the overall security functions and policies of a business.
:
vPretest - Stuvia US
