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BUS 237 MIDTERM EXAM STUDY GUIDE SOLUTIONS

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BUS 237 MIDTERM EXAM STUDY GUIDE SOLUTIONS MIS - ANSWER-Comprise the development and use of information systems that help organizations achieve their goals and objectives Key elements -Development and use -Information systems -Goals and objectives System - ANSWER-a group of components that ...

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  • November 3, 2024
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  • 2024/2025
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KaylinHoffman
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BUS 237 MIDTERM EXAM STUDY GUIDE

SOLUTIONS


MIS - ANSWER✔✔-Comprise the development and use of information systems that help organizations

achieve their goals and objectives




Key elements


-Development and use


-Information systems


-Goals and objectives


System - ANSWER✔✔-a group of components that interact to achieve some purpose


Information System (IS) - ANSWER✔✔--a group of components that interact to produce information


-combine the people and procedures they use to make technology work


for business


Information System (IS) - ANSWER✔✔-a system of hardware, software, data, procedures, and people

that produces information


Information Technology (IT) - ANSWER✔✔-represents raw technology components of IS


- Hardware & Software


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- Datacomponents


IT refers to:


- methods


- inventions


- standards


- products


IT within IS - ANSWER✔✔-IT alone will not help an organization achieve goals




IT must be embedded into an IS to help accomplish


objectives:


-Technology must be combined with


people and procedure components


-Including people in the system impacts how you


design and implement systems -IS will make IT useful !!!


Moore's Law - ANSWER✔✔-"The number of transistors per square inch on an integrated chip doubles

every 18 months."


Gordon E. Moore (1965)




-The speed of a computer chip doubles every 18 months

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-Price/performance ratio of computers has fallen dramatically:


- Computers are smaller


- Computers are less expensive


CH2 - ANSWER✔✔-2 -Business Processes, Information and Decision Making


Business Process - ANSWER✔✔-describes a set of activities that are necessary to complete a response to

a stimulus applied to an organization


Stimulus - ANSWER✔✔-Customer orders products


Set of activities - ANSWER✔✔-Employee picks the products from Inventory


Response - ANSWER✔✔-Products are delivered to customer


Business Process - ANSWER✔✔--A series of tasks or steps designed to produce a product or service


-a system, and sometimes are also referred to as business systems




Examples:


-Inventory management


processes


-Manufacturing processes


-Sales and support processes




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business process - ANSWER✔✔-a network of:


-Activities


-Resources


-Facilities


-Information




-These interact to achieve business function


Activities - ANSWER✔✔-transform resources and information of one type into resources and information

of another type


-follow rules and procedures


-can be manual, automated, or combination




Example:


-Payment (activity) transforms QuantityReceived (information) and ShippingInvoice (information) into

SupplierPayment (resource)


Resources - ANSWER✔✔-items of value


-An organization uses them to provide value for its


customers and successful outcomes for the owners




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