ISA 235 Exam 1 McGuire Rated 100% Correct!!

What is an information system? - A group of five integrated components that interact to produce information: Hardware, software data procedures, people What is the importance of information systems? what do they do? - Help companies support, improve and reinvent business processes in their supply and value chains. Help improve process efficiency. Help companies innovate through both automation and integration. Help companies gain competitive advantages. What is MIS? - Management information systems are information systems used in business. The development and use of information systems that help achieve their strategies. also a field of study on how to accomplish this. difference between information technology and information systems - information technology refers to the methods, inventions, standards, and products and is not a system. Information systems is a system that is IT plus people and procedures/processes that makes IT useful. You can buy IT, but not IS. abstract reasoning - ability to make and manipulate models systems thinking - ability to model the component of the system to connect the inputs and outputs among those components. Also a way of approaching problems or changes from a systems perspective. Moore's law - The cost of computing, data communications and data storage is essentially zero. This means the rise of a whole new kind of information industry. business process - A set of linked activities that create value for accomplishing a business function by transforming inputs into a more valuable output business process modeling notation (BPMN) - Provides a means to communicate with others about process structure and possible changes in a business