# Term Definition
1 Executive information system A system that facilitates and supports senior
managerial decision [Hint: supports senior
managerial EIS]
2 Data Unorganized data that lacks meaning [Hint:
lacks meaning The number of people below the
poverty line in the region is 50]
3 Information Data that has been organized in a meaningful
manner [Hint: meaningful organized The
number of people below the poverty line
increases between 2010 and 2018]
4 Information system 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 [Hint: people processes
machines and info tech]
5 Knowledge The practical application of information [Hint:
The number of people below the poverty line
has increased due to stagnating wages and cuts
to social programs. Decision support system]
6 Management information system Provides timely and accurate information that
(MIS) enables managers to manage their
departments more efficiently [Hint: analyzes
performance for manager MIS]
7 Transaction processing system information system used for processing patient
admissions employee time cards and purchase
orders [Hint: process info TPS]
8 Information management The management of organizational processes
and systems; helps the organization reduce
costs and adds value to products [Hint: helps
the organization make better managerial
decisions stores and processes data]
9 Information technology The use of computer and telecommunications
systems for storing [Hint: retrieving and
sending information comprised of hardware
software data and networks]
, WGU SIS
# Term Definition
10 information technology the management of hardware software data
management networks and people that facilitate access to
information and allow the organization to
achieve business objectives
11 Strategic information system provide tools used by an organization to
accomplish specific tasks to gain competitive
advantage [Hint: gain comp. advantage SIS]
12 Social Networking and Enhances interpersonal and
interpersonal skills relationship-forming skill [Hint: .]
13 Porters 5 competitive forces 1 Intensity competitive rivalry 2 bargaining
power of customers 3 bargaining power of
suppliers 4 threat of new entrants 5 threat of
substitutes
14 Network economics the cost of adding another business participant
(network-based strategy) to a business venture is small [Hint: the
potential gain is great]
15 Business ecosystems Network of businesses involved in delivering a
product through mutual cooperation [Hint:
large]
16 Product differentiation (business offering a higher quality product to differentiate
strategy) from others in the market
17 growth (business strategy) adding new products or new enhancements to
existing products
18 Enterprise Resource Planning Involves utilizing computer technology to link
(ERP) various aspects of a business; a very complex
resource planning system that spans the entire
business; companies often have [Hint: difficulty
implementing the system]
19 Customer Relationship Allows for personalized communication to
Management (CRM) customers
20 Knowledge Management (KM) These systems provide tools to help manage
organizational knowledge and create value to
meet business requirements and strategic goals
[Hint: best practices]