MIST 4610 Question and answers rated A+ 2024 MIST 4610 - Data Management Quiz 1
What is a TPS (Transaction Processing System)? - correct answer collects and stores data from routine transactions. The purpose is to record information about a transaction.
What is an MIS (Management Informati...
MIST 4610 - Data Management Quiz 1
What is a TPS (Transaction Processing System)? - correct answer ✔collects
and stores data from routine transactions. The purpose is to record
information about a transaction.
What is an MIS (Management Information System)? - correct answer
✔converts data from a TPS into information for planning, controlling, and
managing an organization. The purpose of it is to summarize data from TPS.
What is a DSS (Decision Support System)? - correct answer ✔supports
managerial decision making by providing models for processing and analyzing
data. The purpose of it is price-setting.
What is an EIS (Executive Information System)? - correct answer ✔provides
senior management with information necessary to monitor organizational
performance, and develop and implement strategies. The purpose of it is to
summarize TPS. However, unlike MIS, it produces reports for specific
executives based on what they want to see.
What is Data Mining? - correct answer ✔uses statistical analysis and artificial
intelligence techniques to identify hidden relationships in data.
What is Business Intelligence? - correct answer ✔a system for gathering,
storing, analyzing, and accessing data. The purpose of it is to improve
decision-making.
What type of data does a TPS (Transaction Processing System) use? -
correct answer ✔raw data.
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