For Business Driven Information Systems by Paige Baltzan Guaranteed Pass

Business Driven Information Systems by Baltzan Study Guide | Verified A-Grade Answers Information Age - answer - When infinite quantities of facts are widely available to anyone who can use a computer. Fact - answer - Is the confirmation or validation of an event or object. The core drivers of the information age are: - answer - - Data - Information - Business Intelligence - Knowledge Data - answer - Are raw facts that describe the characteristics of an event or object. Information - answer - Is data converted into a meaningful and useful context Variable - answer - Is a data characteristic that stands for a value that changes or varies over time. Business Intelligence - answer - Is information collected from multiple sources for strategic decision making. Internal and External data. Knowledge - answer - Includes the skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources. Knowledge workers - answer - Are individuals valued for their ability to interpret and analyze information. Departmental Companies - answer - - Accounting - Finance - Human resources - Marketing - Operations management - Sales Accounting - answer - Records, measures, and reports monetary transactions Finance - answer - Deals with strategic financial issues including money, banking credit, investments, and assets. Human resources - answer - Maintains policies, plans, and procedures for effective management of employees. Marketing - answer - Supports sales by planning, pricing and promoting goods ot services. Operation Management - answer - Manages the process of converting or transforming or resources into goods or services. Sales - answer - Performs the function of selling goods or services. Maintain Transactional Data - answer - Sales and Marketing Maintain Monetary Data - answer - Finance and Accounting Mantain Production Data - answer - Operations Management Maintain Employee Data - answer - Human Resources System - answer - Is a collection of parts that link to achiece a common purpose Goods - answer - Are material items or products that customers will buy to satisfy a want or need Services - answer - Are tasks performed by people that customers will buy to satisfy a want ot need Production - answer - is the Process where a business takes raw materials and processes them or converts them into a finished product fot its good or services. Input - answer - Raw Materials Output - answer - Finished product Productivity - answer - Is the rate at which goods and services are produced based upon total output given total inputs. System Thinking - answer - Is a way of monitoring the entire system Feedback - answer - Is information that returns to its original transmitter and modifies the transmitter's actions, Management Information System (MIS) - answer - Is a business function which moves information accros the company to facilitate decision making and problem solving. Bussiness Strategy - answer - Is a leadership plan that achieves a secific set of goals or objectives. MIS Department Roles and Responsibilities - answer - - Chief Security Officer (CSO) - Chief Technology Officer ( CTO) - Chief Privacy Officer ( CPO) - Chief Information Officer ( CIO) - Chief Knowledge Officer ( CKO) Chief Security Officer (CSO) - answer - Responsible for ensuring the security and developing strategies and safeguards against attacks by hackers and viruses. Chief Technology Officer (CTO) - answer - Responsible for ensuring the speed, accuracy, availiability and reliability of the MIS. Chief Privacy Officer ( CPO) - answer - Responsible for ensuring the ethical and legal use of information within a company. Chief Information Officer ( CIO) - answer - Responsible for : - Overseeing all uses of MIS - Endurinf MIS strategically aligns with business goals and objectives. Chief Knowledge Officer (CKO) - answer - Responsible for collecting, maintaining and distributing company know