wgu c724 information systems management vocabulary
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WGU C724 Information Systems Management
Vocabulary 2022-2023 100% Verified Vocabulary
Assured A+
1. Executive information system - ✓✓✓A system that facilitates and
supports senior managerial decisions.
2. Data - ✓✓✓Unorganized data that lacks meaning.
3. Information - ✓✓✓Data that has been organized in a meaningful manner.
4. Information system - ✓✓✓An integrated network of components working
together to convert data into useful information; includes an input, a
process, and an output; comprised of people, processes, machines, and
information technology.
5. Knowledge - ✓✓✓The practical application of information.
6. Data, Information, and Knowledge example - ✓✓✓Data: The number of
people below the poverty line in the region is 50,000.
7. Information: The number of people below the poverty line increases
between 2010 and 2018.
8. Knowledge: The number of people below the poverty line has increased
due to stagnating wages and cuts to social programs.
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,9. Decision support system - ✓✓✓This system uses models and statistical
analysis to help decision makers solve problems
10.Management information system (MIS) - ✓✓✓Provides timely and
accurate information that enables managers to manage their departments
more efficiently; analyzes performance.
11.Transaction processing system - ✓✓✓information system used for
processing patient admissions, employee time cards, and purchase orders
12.Information management - ✓✓✓The management of organizational
processes and systems; helps the organization reduce costs and adds
value to products; helps the organization make better managerial
decisions; stores and processes data.
13.Information technology - ✓✓✓The use of computer and
telecommunications systems for storing, retrieving, and sending
information; comprised of hardware, software, data, and networks.
14.information technology management - ✓✓✓the management of
hardware, software, data, networks, and people that facilitate access to
information and allow the organization to achieve business objectives.
15.Strategic information system - ✓✓✓provide tools used by an organization
to accomplish specific tasks to gain competitive advantage.
16.Social Networking and interpersonal skills. - ✓✓✓Enhances interpersonal
and relationship-forming skills.
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,17.Porters 5 competitive forces - ✓✓✓Intensity competitive rivalry
18.bargaining power of customers
19.bargaining power of suppliers
20.threat of new entrants
21.threat of substitutes
22.Network economics (network-based strategy) - ✓✓✓the cost of adding
another business participant to a business venture is small, the potential
gain is great.
23.Business ecosystems - ✓✓✓Network of businesses involved in delivering
a product through mutual cooperation.
24.Product differentiation (business strategy) - ✓✓✓offering a higher quality
product to differentiate from others in the market
25.growth (business strategy) - ✓✓✓adding new products or new
enhancements to existing products
26.Enterprise Resource Planning (ERP) - ✓✓✓Involves utilizing computer
technology to link various aspects of a business; a very complex resource
planning system that spans the entire business; companies often have
difficulty implementing the system.
27.Customer Relationship Management (CRM) - ✓✓✓Allows for
personalized communication to customers.
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, 28.Knowledge Management (KM) - ✓✓✓These systems provide tools to help
manage organizational knowledge and create value to meet business
requirements and strategic goals.
29.chief executive officer (CEO) - ✓✓✓also called president or managing
director, is responsible for the success or failure of the company, creating
the company culture, selecting the senior management team, setting
strategy and vision, and selecting projects to fund.
30.chief operations officer (COO) - ✓✓✓is the director of operations,
responsible for the oversight of internal operations on a day-to-day basis
and for monitoring production quotas
31.chief financial officer (CFO) - ✓✓✓manages the company's cash flow and
evaluates and communicates financial risks.
32.chief information officer (CIO) - ✓✓✓a business leader who analyzes
internal business processes such as payroll and billing, reshapes the
physical infrastructure and network purchases to meet business goals, and
leads the workforce to implement critical IT internal projects; responsible
for information systems strategic thinking and planning.
33.chief technology officer (CTO) - ✓✓✓has ultimate responsibility for all
technology implementation, maintaining technology compliance
regulations, and identifying technology risks for the company.
34.chief security officer (CSO) - ✓✓✓is the highest level executive concerned
with the overall security functions and policies of a business.
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