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MISY 3310 Exam 1 (Ch. 1,2, &3) Questions and Answers 2024
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MISY 3310 Exam 1 (Ch. 1,2, &3)
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MISY 3310 Exam 1 (Ch. 1,2, &3)Data, Information, Business Intelligence, Knowledge - answer Which factors represent
the core drivers of the information age?
TRUE - answer True or False:
A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities,
and threats to identify significant influences that work for or against business strategies.
Variables - answer Information is data converted into useful, meaningful context. What
are data characteristics that change or vary over time?
NO, it would not be an example. - answer MIS can add value to both primary and
support activities within a business. Would the following be an example of a company
adding value by the use of MIS in a support activity?
Scottrade Corp. creating an online system for employees to track paychecks, benefits,
wellness rewards program, and other employee benefit items.
The entire system - answer A system is a collection of parts that link to achieve a
common purpose. Systems thinking is a way of monitoring ____.
Competitive Advantage - answerA feature of a product or service on which customers
place a greater value than they do on similar offerings from competitors.
By departments or functional areas - answerHow are the majority of companies today
typically organized?
FALSE - answerTrue/False:
A first-mover advantage is the process of gathering information about the competitive
environment, including competitors' plans, activities, and products, to improve a
company's ability to succeed.
TRUE - answerTrue/False:
Attracting new customers, decreasing costs, and entering new markets are all examples
of successful business strategies.
Transaction Processing Systems, Decision Support Systems, Executive Information
Systems - answerWhat are the 3 primary types of management information systems
available to support decision making across the company levels?
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