INSY 2303 EXAM 3 2026 BUSINESS
INFORMATION SYSTEMS PRACTICE SET
ANSWERS FULL SOLUTION
◉ Organization.
Answer: a group of people working together to accomplish a goal
◉ Enterprise.
Answer: Any organization that seeks profit by providing goods and
services
◉ 5 components of an information system.
Answer: Hardware, software, communication networks, policies and
procedures, people
◉ Vertical Market.
Answer: software designed for a specific industry or enterprise
◉ Horizontal market.
Answer: Software designed for common elements of many
businesses
,◉ 3 phases of decision making.
Answer: 1. Recognize the problem or a need to make a decision
2. Devise and analyze possible solutions
3. Select an action or solution
◉ Transaction.
Answer: an exchange between two parties that is recorded and
stored in a computer system
◉ Transaction processing system (TPS).
Answer: provides a way to collect, process, store, display, modify, or
cancel transactions
◉ Online processing.
Answer: a real-time method in which each transaction is processed
as it is entered
◉ Management information system.
Answer: any computer system that processes data and provides
information within a business setting
◉ Summary report.
Answer: combines, groups, or totals data
, ◉ Exception report.
Answer: contains information that is outside of normal or acceptable
ranges
◉ Decision support system.
Answer: helps people make decisions by directly manipulating data,
accessing data from external sources, generating statistical
projections, and creating data models of various scenarios
◉ Executive information system.
Answer: a type of decision support system designed to provide
senior managers with information relevant to strategic management
activities
◉ Expert system.
Answer: a computer system designed to analyze data and produce a
recommendation, diagnosis, or decision based on a set of facts and
rules
◉ Knowledge engineering.
Answer: the process of designing, entering, and testing the rules in
an expert system
INFORMATION SYSTEMS PRACTICE SET
ANSWERS FULL SOLUTION
◉ Organization.
Answer: a group of people working together to accomplish a goal
◉ Enterprise.
Answer: Any organization that seeks profit by providing goods and
services
◉ 5 components of an information system.
Answer: Hardware, software, communication networks, policies and
procedures, people
◉ Vertical Market.
Answer: software designed for a specific industry or enterprise
◉ Horizontal market.
Answer: Software designed for common elements of many
businesses
,◉ 3 phases of decision making.
Answer: 1. Recognize the problem or a need to make a decision
2. Devise and analyze possible solutions
3. Select an action or solution
◉ Transaction.
Answer: an exchange between two parties that is recorded and
stored in a computer system
◉ Transaction processing system (TPS).
Answer: provides a way to collect, process, store, display, modify, or
cancel transactions
◉ Online processing.
Answer: a real-time method in which each transaction is processed
as it is entered
◉ Management information system.
Answer: any computer system that processes data and provides
information within a business setting
◉ Summary report.
Answer: combines, groups, or totals data
, ◉ Exception report.
Answer: contains information that is outside of normal or acceptable
ranges
◉ Decision support system.
Answer: helps people make decisions by directly manipulating data,
accessing data from external sources, generating statistical
projections, and creating data models of various scenarios
◉ Executive information system.
Answer: a type of decision support system designed to provide
senior managers with information relevant to strategic management
activities
◉ Expert system.
Answer: a computer system designed to analyze data and produce a
recommendation, diagnosis, or decision based on a set of facts and
rules
◉ Knowledge engineering.
Answer: the process of designing, entering, and testing the rules in
an expert system
