MIS 2113 midterm 1 Exam Questions and Answers Already Passed Rated A+

MIS 2113 midterm 1 Exam Questions and Answers Already Passed Rated A+ Individuals belong to both a functional team as well as one or more divisional teams - Answers Cross-functional groups are based around all of the roles needed for a task - Answers Divisional all individuals who perform a specific type of task are grouped - Answers Functional Represents the hardware, software, and networking technology used to create, store, share, analyze, and otherwise manage the information used to complete business processes. - Answers IT infrastructure capture the detailed data involved in routine transactions created by business processes of every typ - Answers Transaction processing systems (TPS) -study of the underlying information technology (IT) that creates, stores, and manages the information necessary to execute an organization's core processes and the people who perform those processes - Answers Management Information Systems (MIS) -Represents the matching of information technology solutions to organization strategy and the people who perform the business processes -Is the art of solving unstructured business problems with technology - Answers Information Systems (IS) give managers a high level snapshot of the financial health of the company - Answers Accounting Systems True - Answers T or F: Each area of the business (accounting, marketing, finance, operations, etc) needs information systems that offer each functional purpose (TPS, MIS, DSS, EIS) -a set of integrated programs that manage a company's vital business operations for an entire organization across each functional area—even for a complex, multisite, global organization -backbone of an organization's set of integrated systems - Answers Enterprise Resource Planning Systems (ERP) -systems are those which support the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, converting raw materials to finished products, and warehousing and delivering finished products to customers -the management of materials, information, and finances in the supply chain process from supplier - manufacturer - wholesaler - retailer - consumer - Answers Supply chain management the massive overproduction based on a falsely inflated sense of customer demand - Answers bull-whip effect systems are designed to help a company manage all aspects of the customer including customer information, customer encounters, marketing and advertising campaigns, sales, service after the sale, and customer loyalty programs - Answers Customer Relationship Management (CRM) -the data that is generated by real-time business processes -stored in an operational database - Answers Transactional information -refers to any data or information which can be used to make intelligent inferences relevant to the organization, help solve unstructured business problems, and support higher-level, ad-hoc decision making -includes all transactional information -stored in data warehouses - Answers Analytical information -Transactional information simply helps you perform your business processes, analytical information is used to help you gain strategic competitive advantage in the marketplace -Summarized transactional information is analytical information -analytical information is not stored in an operational database - Answers Differences between Transactional and Analytical Information