Mis535 Homework Week 1 Essay

513 words - 3 pages

1. Which of the following choices may lead to competitive advantage
(1) new products, services and business models;
(2) charging less for superior products;
(3) responding to customers in real time?

1, 2, and 3

2. An information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support

decision making and control in an organization.

Instructor Explanation: p. 15

3. The three activities in an information system that produce the information that organizations use to control operations are

input, processing, and output.

Instructor Explanation: p. 16

4. The fundamental set of assumptions, values, and ways of doing things that has been accepted by most of a company's members is called its


Instructor Explanation: p. 20

5. The average number of tickets sold daily online is an ...view middle of the document...


9. Key corporate assets are

intellectual property, core competencies, and financial and human assets.
Instructor Explanation: p. 11

10. Engineers, scientists, or architects who design new products or services for a firm belong to which level of a business hierarchy?

Knowledge workers

Instructor Explanation: p. 18

11. What is the difference between the Internet and cloud computing?

In cloud computing, both information and function are moved to the Internet.
Instructor Explanation: Week 1 Lecture

12. An exponential rate of innovation means that

as much progress is made in 10 years as the previous 20.

Instructor Explanation: Week 1 Lecture

13. In a business hierarchy, the level that is responsible for monitoring the daily activities of the business is

operational management.

Instructor Explanation: p. 18

14. The term "management information systems" designates a specific category of information systems serving

middle management functions.

Instructor Explanation: p. 47

15. To monitor the status of internal operations and the firm's relations with the external environment, managers need _____ systems.

transaction processing

Instructor Explanation: p. 45

16. Which systems are typically a major source of data for other systems?

Transaction processing systems

Instructor Explanation: p. 45

17. Decisions that are unique, rapidly changing, and not easily specified in advance are best suited to which type of system?


Instructor Explanation: p. 48

18. Which systems are especially suited to situations in which the procedure for arriving at a solution may not be fully predefined in advance?

Decision-support systems

Instructor Explanation: p. 48

19. Which systems are designed to span functional areas and focus on executing business processes across the firm?

Enterprise applications

Instructor Explanation: p. 51

20. Today's companies need fewer levels of management because

the increased flow of information throughout the organization supplants one of the traditional roles of management.

Instructor Explanation: Week 1 Lecture

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