ADMN 410 - MIS Exam 1 |Questions Solved
100% Correct| Verified Solutions
Five components of information systems - ANSWER Hardware
Software
Data
Procedures
People
Criteria of good data and information - ANSWER Accurate
Timely
Relevant
Just Sufficient
Worth it's Cost
Data - ANSWER Streams of raw facts representing events (business transactions)
Process - ANSWER The transition from data to information. First the raw facts we call
data are gathered. These facts are then organized, filtered, interpreted, analyzed, or
summarized. At this point data becomes information, which can be used to draw
conclusions and make decisions.
Information - ANSWER On which conclusions and decisions may be based
Types of information system - ANSWER Transaction Processing System (TPS)
Management Information System (MIS)
Decision Support Systems (DSS)
, Executive Information System (ESS or EIS)
Transaction Processing System (TPS) - ANSWER An information system that processes
repetitive business transactions and improves accuracy, increases speed, and reduces
cost
-payroll processing
-sales & order processing
-inventory management
-product purchasing, receiving & shipping
-accounts payable & receivable
ex. grocery checkout scanners, check processing at banks, processing of fast food orders
Management Information System (MIS) - ANSWER An information system that supports
business processes associated with managing a business
-sales forecasting
-financial management & forecasting
-manufacturing planning & scheduling
-inventory management & planning
-advertising & product pricing
Decision Support System (DSS) - ANSWER An information system that supports problem-
specific decision making
"interactive" decision aid
uses models to manipulate data
100% Correct| Verified Solutions
Five components of information systems - ANSWER Hardware
Software
Data
Procedures
People
Criteria of good data and information - ANSWER Accurate
Timely
Relevant
Just Sufficient
Worth it's Cost
Data - ANSWER Streams of raw facts representing events (business transactions)
Process - ANSWER The transition from data to information. First the raw facts we call
data are gathered. These facts are then organized, filtered, interpreted, analyzed, or
summarized. At this point data becomes information, which can be used to draw
conclusions and make decisions.
Information - ANSWER On which conclusions and decisions may be based
Types of information system - ANSWER Transaction Processing System (TPS)
Management Information System (MIS)
Decision Support Systems (DSS)
, Executive Information System (ESS or EIS)
Transaction Processing System (TPS) - ANSWER An information system that processes
repetitive business transactions and improves accuracy, increases speed, and reduces
cost
-payroll processing
-sales & order processing
-inventory management
-product purchasing, receiving & shipping
-accounts payable & receivable
ex. grocery checkout scanners, check processing at banks, processing of fast food orders
Management Information System (MIS) - ANSWER An information system that supports
business processes associated with managing a business
-sales forecasting
-financial management & forecasting
-manufacturing planning & scheduling
-inventory management & planning
-advertising & product pricing
Decision Support System (DSS) - ANSWER An information system that supports problem-
specific decision making
"interactive" decision aid
uses models to manipulate data
