MIS 200 EXAM 1 Study Guide With Worrect Solutions.

Bell's law - correct answer a new computer class forms roughly each decade establishing a new industry Nielson's Law - correct answer network connection speeds for high-end users will increase by 50% per year Metcalfe's law - correct answer the value of a network is equal to the square of the number of users connected to it Moore's Law - correct answer The number of transistors per square inch on an integrated chip doubles every 18 months Kryder's Law - correct answer Storage capacity is increasing exponentially. The cost of storing data is approaching zero. What is MIS? - correct answer the management and use of information systems that help organizations achieve their strategies Components of Every Information System - correct answer Hardware, Software, Data, Procedures, People. It is harder to implement change in people, but easier to do so in hardware. Information - correct answer Data converted into a meaningful and useful context. People perceive data, and then conceive that data into information. Characteristics of Data - correct answer 1. Accurate- correct and complete 2. Timely- available when decisions need to be made 3. Relevant- useful to management to make decisions 4. Worth its cost