IFSM 300 - QUIZ 1 with Answersnformation products
Correct Ans-Examples include messages, reports, forms, and graphic
images, which may be provided by video displays, audio responses, paper products, and
multimedia.
information products Correct Ans-Examples include messages, reports, forms, and graphic
images, which may be provided by video displays, audio responses, paper products, and
multimedia.
network resources Correct Ans-These include communications media and network
infrastructure.
IS specialists Correct Ans-People who develop and operate information systems.
data or information processing Correct Ans-The execution of a set of activities in order to
convert data into information.
process and control systems Correct Ans-Those systems implemented in order to direct
physical conversion processes, such as oil refinement.
management information systems Correct Ans-The second stage of information systems
evolution, focused on providing managerial users with information relevant to decision making
in the form of predefined reports.
transaction processing systems Correct Ans-A type of operation support systems geared
toward the recording and processing of data captured as a result of business transactions.
, enterprise collaboration systems Correct Ans-A type of operation support systems that
enhance team and workgroup communication and productivity.
competitive forces Correct Ans-A business must deal with customers, suppliers, competitors,
new entrants, and substitutes.
competitive strategies Correct Ans-Cost leadership, differentiation of products, and new
product innovation are examples.
raise barriers to entry Correct Ans-Using investments in technology to keep firms out of an
industry.
lock in customers and suppliers Correct Ans-Making it unattractive for a firm's customers or
suppliers to switch to its competitors.
create switching costs Correct Ans-Strategies designed to increase the time, money, and
effort needed for customers or suppliers to change to a firm's competitors.
strategic information systems Correct Ans-Information systems that reengineer business
processes or promote business innovation are examples.
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