MIS 301 Midterm 1
Moore's Law - correct answer ✔The number of transistors per square inch
on an integrated chip doubles every 18 months - cost of data communications
and storage is basically zero compared to a few years ago
How does one attain job security? - correct answer ✔Only job security is a
marketable skill and courage to use it
Any routine skill can and will be outsourced to lowest bidder
--> Develop strong non-routine cognitive skills
Examples of marketable skill - correct answer ✔Abstract reasoning
System thinking
Collaboration
Ability to experiment
Ability to experiment - correct answer ✔We dont make mistakes, we make
corrections or adjustments
Abstract reasoning - correct answer ✔Involves using models - ability to make
and minipulate models
,System thinking - correct answer ✔Ability to model system components,
connect input and outputs among components to reflect structure and
dynamics of observed system
Apply different systems to different situations
Collabortation - correct answer ✔Two or more people working together to
achieve common goal
What is an information system - Five component framework - correct answer
✔Hardware
Software
Data
Procedures
People
Goal of MIS - correct answer ✔Managing IS to achieve business strategies
Key elements of MIS - correct answer ✔Management and use
Information systems
Strategies
, Why do IS exist? - correct answer ✔To assist business people -
to help achieve business goals and objectives
IT components = - correct answer ✔= Hardware + software + data
IS = - correct answer ✔= IT + procedures + people
What does IT drive? - correct answer ✔Development of new information
systems
Professional password etiquette - correct answer ✔Never write down
password
Never ask someone for their password
Never give your password to someone
Move away so someone can enter password privately
Information Intensity - correct answer ✔The extent to which a product,
service, process, or relationship is comprised of information
Business process - correct answer ✔Network of activities for accomplishing
a business function
Ex: buying and managing inventory
Moore's Law - correct answer ✔The number of transistors per square inch
on an integrated chip doubles every 18 months - cost of data communications
and storage is basically zero compared to a few years ago
How does one attain job security? - correct answer ✔Only job security is a
marketable skill and courage to use it
Any routine skill can and will be outsourced to lowest bidder
--> Develop strong non-routine cognitive skills
Examples of marketable skill - correct answer ✔Abstract reasoning
System thinking
Collaboration
Ability to experiment
Ability to experiment - correct answer ✔We dont make mistakes, we make
corrections or adjustments
Abstract reasoning - correct answer ✔Involves using models - ability to make
and minipulate models
,System thinking - correct answer ✔Ability to model system components,
connect input and outputs among components to reflect structure and
dynamics of observed system
Apply different systems to different situations
Collabortation - correct answer ✔Two or more people working together to
achieve common goal
What is an information system - Five component framework - correct answer
✔Hardware
Software
Data
Procedures
People
Goal of MIS - correct answer ✔Managing IS to achieve business strategies
Key elements of MIS - correct answer ✔Management and use
Information systems
Strategies
, Why do IS exist? - correct answer ✔To assist business people -
to help achieve business goals and objectives
IT components = - correct answer ✔= Hardware + software + data
IS = - correct answer ✔= IT + procedures + people
What does IT drive? - correct answer ✔Development of new information
systems
Professional password etiquette - correct answer ✔Never write down
password
Never ask someone for their password
Never give your password to someone
Move away so someone can enter password privately
Information Intensity - correct answer ✔The extent to which a product,
service, process, or relationship is comprised of information
Business process - correct answer ✔Network of activities for accomplishing
a business function
Ex: buying and managing inventory
