Essentials of MIS (Laudon) Ch. 1
business model - correct answer-a plan that details how a company creates,
delivers, and generates revenues
Business Processes - correct answer-logically related tasks and behaviors for
accomplishing work
Change Management - correct answer-the many techniques used to bring
about successful change in a business
Computer Hardware - correct answer-the physical equipment used for input,
processing, and output activities in an information system
computer literacy - correct answer-focuses primarily on knowledge of
information technology
Computer software - correct answer-consists of the detailed, preprogrammed
instructions that control and coordinate the computer hardware components in
an information system
Extranets - correct answer-private intranets extended to authorized users
outside the organization
Information System - correct answer-a set of interrelated computer
components that collects, processes, stores, and provides as output the
information needed to complete business tasks. Input, Processing, Output,and
Feedback
information technology - correct answer-consists of all the hardware and
software that a firm needs to use in order to achieve its business objectives
Management Information Systems (MIS) - correct answer-the management
and use of information systems that help organizations achieve their
strategies.
6 major objectives for using Information Systems - correct answer-Operational
excellence, New products, services and business models Customer/supplier
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