ISQS 2340 exam 1 Questions and
Answers
What does ISQS stand for?
✓ ~~~ Information systems and quantitative sciences
CEO (Chief Executive Officer)
✓ ~~~ • Manages External
✓ Stakeholder Relationships
✓ • Sets Strategic Direction
✓ • Defines High Level IT
✓ Needs for the Future
COO (Chief Operating Officer)
✓ ~~~ • Manages Operations
✓ • Allocates Resources
✓ • Primary Consumer of IT
✓ within the Organization
CFO (Chief Financial Officer)
✓ ~~~ • Manages Accounting & Finance
✓ • Forecasts Needs and Secures
✓ Financial Resources
✓ • Allocates Budget for IT Expenditures
CIO (Chief Information Officer)
✓ ~~~ • Manages IT Organization and Operations
✓ • Forecasts IT Needs from Business Strategy
✓ • Sets Direction for IT Architecture and Organization
✓ • Plans, Designs and Delivers IT throughout the firm
Why are IT-Based Information
,Systems Important?
✓ ~~~ •IT-Based Information Systems is a major
✓ functional area important to business
✓ success (just as Finance, Accounting,
✓ Marketing, and HR)
Why are IT-Based Information
Systems Important?
✓ ~~~ •IT-Based Information Systems is an
important contributor to operational
efficiency, employee productivity, customer service, and customer
satisfaction
Information Systems Framework: Business Systems
✓ ~~~ •IT in Marketing, Finance, Accounting, HR
•IT in Cross-Functional applications
•Decision Making with DSS, ESS and AI
Information Systems Framework:Systems Development
✓ ~~~ Development Methodologies SDLC and
Prototyping
Data
✓ ~~~ raw facts. By themselves not useful.
,Data processing:
✓ ~~~ giving context to data
and converting data into information.
information
✓ ~~~ the interpretation of
processed data in order to make better
decisions.
characteristics of valuable info
✓ ~~~ •Precise
•Complete
•Cost-effective
Uncomplicated
•Opportune
•Verifiable
•Adaptable
•Dependable
•Relevant
System
, ✓ ~~~ an organized collection of
interrelated parts that work together to
achieve a common purpose.
Systems have
✓ ~~~ Inputs
Processing Mechanism
Outputs
Feedback
Control
A system performs a set of
functions and has:
✓ ~~~ •An objective.
•A collection of parts that are
related.
•A structure.
•A boundary.
simple system
✓ ~~~ small number of elements.
Easier to fix.
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