Bus 237 || QUESTIONS WITH COMPLETE
SOLUTIONS!!
What you should do= correct answers What you can technically do + what you can legally do
+ what you can morally do
Information system(IS) correct answers Group of components that interact to produce
information
6 fundamentals components of computer based software: correct answers - Hardware
- Software
- Data
- People
- Procedures
- Communication
Data acts as a ____ between the computer side and human side correct answers bridge
MIS correct answers - IS to achieve business gaols
- require info on periodic basis, not daily
- Used by middle management
- Mainly uses internal data
- Answer structured questions
- Works together with DSS
How does IS help businesses? correct answers Allows time and space shifting. Allows to
respond to changes rapidly and survive.
6 Reasons IS is important for businesses: correct answers - efficiency
- stay relevant
- stay competitive
- convenience
- global outreach
business model correct answers outlines the need the firm will fill, the operations of the
business, its components and functions, as well as the expected revenues and expenses
What is built-in efficiency correct answers Automatically find most efficient way of doing
something
6 common strategic business objectives correct answers 1- Operational excellence
2- New products, services and business
3- Customer and supplier intimacy
4- Improved decision making
5- Competitive advantage
6- Survival
Operational excellence correct answers Improve efficiency of operations to achieve higher
profitability
, New products, services, and business models correct answers major enabling tool for firms to
create new products, services, and business models ie; Apple
Customer and supplier intimacy correct answers Knowing your customer and serving them
well so they come back and repurchase more> increased revenue and profit
Improved decision making correct answers use real-time, accurate data from marketplace ot
make informed decisions
Competitive advantage correct answers Doing things better than your competitors, charging
less for better products, responding to customers and suppliers in real time ex: DIAD
ICT correct answers Information and Communication Technology
What is Moore's law correct answers Computing power doubles every 1.5 years
IS can be described as: correct answers 1. Components that make up an IS
2. Role these components play in an organization
OS vs. Application Software correct answers OS: Makes hardware useable
Application software: Does something useful
Example of OS correct answers Windows 7, Windows 8, OS X, iOS, Android, Linux
Example of application software correct answers Excel, Minecraft, Word
Main goal of IS in relation to data correct answers 1. Take data
2. Turn it into info
3. Transform info into organizational knowledge
Backbone of organization correct answers Data with IS
3 strategies P&G has taken to digitize its process end-to-end: correct answers 1. Business
sufficiency program- give executives performance predictions
2. P&G Business Sphere- Interactive system. Revels insights using analytical models.
3. Decision cockpit- Decision dashboard that eliminated e-mails asking questions.
What separates data from information correct answers Information is data with meaning
Examples of data correct answers Birthday, Address, Age
How is data transformed into information? correct answers By going through an IS
Good information is... correct answers accurate, timely, relevant, just barely sufficient, worth
its cost (a timely relevant Justin Bieber sings "what is cost")
IS is used to... correct answers - Automate data generation
- Manipulate and store data and info
- Make business process more efficient
SOLUTIONS!!
What you should do= correct answers What you can technically do + what you can legally do
+ what you can morally do
Information system(IS) correct answers Group of components that interact to produce
information
6 fundamentals components of computer based software: correct answers - Hardware
- Software
- Data
- People
- Procedures
- Communication
Data acts as a ____ between the computer side and human side correct answers bridge
MIS correct answers - IS to achieve business gaols
- require info on periodic basis, not daily
- Used by middle management
- Mainly uses internal data
- Answer structured questions
- Works together with DSS
How does IS help businesses? correct answers Allows time and space shifting. Allows to
respond to changes rapidly and survive.
6 Reasons IS is important for businesses: correct answers - efficiency
- stay relevant
- stay competitive
- convenience
- global outreach
business model correct answers outlines the need the firm will fill, the operations of the
business, its components and functions, as well as the expected revenues and expenses
What is built-in efficiency correct answers Automatically find most efficient way of doing
something
6 common strategic business objectives correct answers 1- Operational excellence
2- New products, services and business
3- Customer and supplier intimacy
4- Improved decision making
5- Competitive advantage
6- Survival
Operational excellence correct answers Improve efficiency of operations to achieve higher
profitability
, New products, services, and business models correct answers major enabling tool for firms to
create new products, services, and business models ie; Apple
Customer and supplier intimacy correct answers Knowing your customer and serving them
well so they come back and repurchase more> increased revenue and profit
Improved decision making correct answers use real-time, accurate data from marketplace ot
make informed decisions
Competitive advantage correct answers Doing things better than your competitors, charging
less for better products, responding to customers and suppliers in real time ex: DIAD
ICT correct answers Information and Communication Technology
What is Moore's law correct answers Computing power doubles every 1.5 years
IS can be described as: correct answers 1. Components that make up an IS
2. Role these components play in an organization
OS vs. Application Software correct answers OS: Makes hardware useable
Application software: Does something useful
Example of OS correct answers Windows 7, Windows 8, OS X, iOS, Android, Linux
Example of application software correct answers Excel, Minecraft, Word
Main goal of IS in relation to data correct answers 1. Take data
2. Turn it into info
3. Transform info into organizational knowledge
Backbone of organization correct answers Data with IS
3 strategies P&G has taken to digitize its process end-to-end: correct answers 1. Business
sufficiency program- give executives performance predictions
2. P&G Business Sphere- Interactive system. Revels insights using analytical models.
3. Decision cockpit- Decision dashboard that eliminated e-mails asking questions.
What separates data from information correct answers Information is data with meaning
Examples of data correct answers Birthday, Address, Age
How is data transformed into information? correct answers By going through an IS
Good information is... correct answers accurate, timely, relevant, just barely sufficient, worth
its cost (a timely relevant Justin Bieber sings "what is cost")
IS is used to... correct answers - Automate data generation
- Manipulate and store data and info
- Make business process more efficient
