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GB 310

Chapters 1 & 2

QuestionAnswer
What is Moore's Law? Cost of data processing, communications, and storage essentially zero
What is MIS? Management information systems: Processes, information systems, and information, Creating, monitoring, and adapting, Achieve strategies
Why is MIS important? Future business professionals need to assess, analyze, and apply emerging information technologies to business
What are the four non-routine skills? Abstract Reasoning Systems Thinking Collaboration Ability to Experiment
What Five Forces Determine Industry Structure? Threat of substitutions, threat of new entrants, existing rivals, bargaining power of suppliers or bargaining power of customers
What are the Five Primary Activities? Inbound logistics, operations/manufacturing, sales & marketing and customer service
What are the support activities? Procurement Technology Human Resources Firm Infrastructure
Why do organizations standardize business processes? Enforce policies Produce consistent results Allow for scalablity Reduce risk
What is a system? Group of components interacting to achieve some purpose
What is an information system? Group of components to produce information that has five components Computer hardware, software, data, procedures, and people
What are the role of procedures? Set of instructions for a person to follow when operating an I S Different procedure for different processes
What are the characteristics of structured processes? formally defined process, process change slow and difficult, control is critical innovation not expected, efficiency and effectiveness is important, IS procedures are perscripted
What are the characteristics of dynamic processes? Informal process, process change rapid and expected, adaption is critical, innovation required, effectiveness typically more important, IS procedure are supportive
Created by: SEEawesome:)
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