UTA INSY 2303 EXAM 3 LATEST 2023-2024 REAL EXAM 160 QUESTIONS AND CORRECT ANSWERS
Information System - (answer) Collects, stores, and processes data to provide useful, accurate, and
timely information
Organization - (answer) a group of people working together to accomplish a goal
Enterprise - (answer) Any organization that seeks profit by providing goods and services
5 components of an information system - (answer) Hardware, software, communication networks,
policies and procedures, people
Vertical Market - (answer) software designed for a specific industry or enterprise
Horizontal market - (answer) Software designed for common elements of many businesses
3 phases of decision making - (answer) 1. Recognize the problem or a need to make a decision
2. Devise and analyze possible solutions
3. Select an action or solution
Transaction - (answer) an exchange between two parties that is recorded and stored in a computer
system
Transaction processing system (TPS) - (answer) provides a way to collect, process, store, display,
modify, or cancel transactions
Online processing - (answer) a real-time method in which each transaction is processed as it is entered
Management information system - (answer) any computer system that processes data and provides
information within a business setting
Summary report - (answer) combines, groups, or totals data
, UTA INSY 2303 EXAM 3 LATEST 2023-2024 REAL EXAM 160 QUESTIONS AND CORRECT ANSWERS
Exception report - (answer) contains information that is outside of normal or acceptable ranges
Decision support system - (answer) helps people make decisions by directly manipulating data,
accessing data from external sources, generating statistical projections, and creating data models of
various scenarios
Executive information system - (answer) a type of decision support system designed to provide senior
managers with information relevant to strategic management activities
Expert system - (answer) a computer system designed to analyze data and produce a
recommendation, diagnosis, or decision based on a set of facts and rules
Knowledge engineering - (answer) the process of designing, entering, and testing the rules in an expert
system
Ecommerce - (answer) business transactions that are conducted electronically over a computer
network
B2C - (answer) Online storefronts such as Amazon that offer merchandise and services to consumers
C2C - (answer) Consumers sell to each other at popular auction and list sites, such as eBay
B2B and B2G - (answer) Websites such as FedBid that sell goods and services to other businesses or to
the government
Supply chain - (answer) the sequence of organizations, people, activities, information, and resources
involved in moving a product or service from supplier to customer
Enterprise resource planning (ERP) - (answer) suite of software modules that integrate major business
activities
Information System - (answer) Collects, stores, and processes data to provide useful, accurate, and
timely information
Organization - (answer) a group of people working together to accomplish a goal
Enterprise - (answer) Any organization that seeks profit by providing goods and services
5 components of an information system - (answer) Hardware, software, communication networks,
policies and procedures, people
Vertical Market - (answer) software designed for a specific industry or enterprise
Horizontal market - (answer) Software designed for common elements of many businesses
3 phases of decision making - (answer) 1. Recognize the problem or a need to make a decision
2. Devise and analyze possible solutions
3. Select an action or solution
Transaction - (answer) an exchange between two parties that is recorded and stored in a computer
system
Transaction processing system (TPS) - (answer) provides a way to collect, process, store, display,
modify, or cancel transactions
Online processing - (answer) a real-time method in which each transaction is processed as it is entered
Management information system - (answer) any computer system that processes data and provides
information within a business setting
Summary report - (answer) combines, groups, or totals data
, UTA INSY 2303 EXAM 3 LATEST 2023-2024 REAL EXAM 160 QUESTIONS AND CORRECT ANSWERS
Exception report - (answer) contains information that is outside of normal or acceptable ranges
Decision support system - (answer) helps people make decisions by directly manipulating data,
accessing data from external sources, generating statistical projections, and creating data models of
various scenarios
Executive information system - (answer) a type of decision support system designed to provide senior
managers with information relevant to strategic management activities
Expert system - (answer) a computer system designed to analyze data and produce a
recommendation, diagnosis, or decision based on a set of facts and rules
Knowledge engineering - (answer) the process of designing, entering, and testing the rules in an expert
system
Ecommerce - (answer) business transactions that are conducted electronically over a computer
network
B2C - (answer) Online storefronts such as Amazon that offer merchandise and services to consumers
C2C - (answer) Consumers sell to each other at popular auction and list sites, such as eBay
B2B and B2G - (answer) Websites such as FedBid that sell goods and services to other businesses or to
the government
Supply chain - (answer) the sequence of organizations, people, activities, information, and resources
involved in moving a product or service from supplier to customer
Enterprise resource planning (ERP) - (answer) suite of software modules that integrate major business
activities
