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MIS 301 Midterm Exam 1 - Iowa State AND PRACTICE EXAM
NEWEST 2026-2027 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Information Technology - ANSWERS--Any computer based tool that
people use to work with info and to support the info and info
processing needs of an org
Information Systems - ANSWERS--Collects, processes, stores, analyzes
and disseminates info for a specific purpose
Computer Based Info Systems - ANSWERS--Getting the right info to the
right people at the right time in the right amount and in the right
format
Data Items - ANSWERS--Description of things, events, activities, and
transactions that are recorded, classified, and stored but not organized
Information - ANSWERS--Data that have been organized so that they
have meaning and value
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Knowledge - ANSWERS--Data or info that have been organized and
processed to convey understanding, experience, accumulated learning
and expertise
Hardware - ANSWERS--Physical parts of system
Software - ANSWERS--Program that tells the hardware what to do
Database - ANSWERS--Data stored in an intuitive way
Network - ANSWERS--System creating a connection between systems
to share data
Procedures - ANSWERS--Directions to begin processes and organize
data as operator desires
Enterprise Resource Planning Systems - ANSWERS--Provide
communication among functional areas of IS
Transaction Processing Systems - ANSWERS--Support real time
monitoring, collection, storage, and processing of data from org's day
to day operations
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Inter organizational Information Systems - ANSWERS--Supply Chain
Management and electronic commerce
Business Processes - ANSWERS--Ongoing collection of related activiteis
that create a product or service of value
Inputs - ANSWERS--Materials, services and info that flow through and
are transformed
Outputs - ANSWERS--Product or services created by the process
Resources - ANSWERS--People and equipment that perform activities
Efficiency - ANSWERS--Doing things well
Effectiveness - ANSWERS--Doing things that matter
Cross Functional Processes - ANSWERS--No single functional area is
responsible for execution, and each functional area must work together
Business Process Re-engineering (BPR) - ANSWERS--Restart the
business process from scratch - a "clean sheet" approach
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Business Process Improvement (BPI) - ANSWERS--An incremental
approach that focuses on reducing variation in the process outputs.
Five phases: define, measure, analyze, improve, control
Business Process Management (BPM) - ANSWERS--Supports continuous
BPI initiatives for core business processes over time. Includes: process
modeling, web-enabled technologies, business activity monitoring
Information Technology Monitoring - ANSWERS--Tracks people's
activities by such measures as number of keystrokes, error rate and
number of transactions processed
Ethics - ANSWERS--Principles of right and wrong. Responsibility,
accountability, and liability
Utilitarian Approach - ANSWERS--Does the most good or least harm
Rights Apprroach - ANSWERS--Best protects and respects the moral
rights
Fairness Approach - ANSWERS--Treat all humans equally or fairly
Common Good Approach - ANSWERS--Highlights relationships that
have respect and compassion for all
MIS 301 Midterm Exam 1 - Iowa State AND PRACTICE EXAM
NEWEST 2026-2027 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Information Technology - ANSWERS--Any computer based tool that
people use to work with info and to support the info and info
processing needs of an org
Information Systems - ANSWERS--Collects, processes, stores, analyzes
and disseminates info for a specific purpose
Computer Based Info Systems - ANSWERS--Getting the right info to the
right people at the right time in the right amount and in the right
format
Data Items - ANSWERS--Description of things, events, activities, and
transactions that are recorded, classified, and stored but not organized
Information - ANSWERS--Data that have been organized so that they
have meaning and value
,2|Page
Knowledge - ANSWERS--Data or info that have been organized and
processed to convey understanding, experience, accumulated learning
and expertise
Hardware - ANSWERS--Physical parts of system
Software - ANSWERS--Program that tells the hardware what to do
Database - ANSWERS--Data stored in an intuitive way
Network - ANSWERS--System creating a connection between systems
to share data
Procedures - ANSWERS--Directions to begin processes and organize
data as operator desires
Enterprise Resource Planning Systems - ANSWERS--Provide
communication among functional areas of IS
Transaction Processing Systems - ANSWERS--Support real time
monitoring, collection, storage, and processing of data from org's day
to day operations
,3|Page
Inter organizational Information Systems - ANSWERS--Supply Chain
Management and electronic commerce
Business Processes - ANSWERS--Ongoing collection of related activiteis
that create a product or service of value
Inputs - ANSWERS--Materials, services and info that flow through and
are transformed
Outputs - ANSWERS--Product or services created by the process
Resources - ANSWERS--People and equipment that perform activities
Efficiency - ANSWERS--Doing things well
Effectiveness - ANSWERS--Doing things that matter
Cross Functional Processes - ANSWERS--No single functional area is
responsible for execution, and each functional area must work together
Business Process Re-engineering (BPR) - ANSWERS--Restart the
business process from scratch - a "clean sheet" approach
, 4|Page
Business Process Improvement (BPI) - ANSWERS--An incremental
approach that focuses on reducing variation in the process outputs.
Five phases: define, measure, analyze, improve, control
Business Process Management (BPM) - ANSWERS--Supports continuous
BPI initiatives for core business processes over time. Includes: process
modeling, web-enabled technologies, business activity monitoring
Information Technology Monitoring - ANSWERS--Tracks people's
activities by such measures as number of keystrokes, error rate and
number of transactions processed
Ethics - ANSWERS--Principles of right and wrong. Responsibility,
accountability, and liability
Utilitarian Approach - ANSWERS--Does the most good or least harm
Rights Apprroach - ANSWERS--Best protects and respects the moral
rights
Fairness Approach - ANSWERS--Treat all humans equally or fairly
Common Good Approach - ANSWERS--Highlights relationships that
have respect and compassion for all
