MIS quiz1 – Flashcard
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a world where interconnected, internet enabled devices or "things" can collect and share data without human intervention
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internet of things
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the confirmation of an event or object
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fact
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is not a technology company but used technology to revamp the business process of renting videos
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netflix
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what is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making
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business intelligence
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to be successful in the information age, the text recommends that a company operate in a specific way. What way does the text recommend a company operate
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interdependently between departments
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which department manages the process of converting or transforming resources into goods or services
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operations management
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which data types are typically found in the marketing department
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promotion data, sales data, advertising data.
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which data types are typically found in the human resources department
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employee data, promotion data, vacation data
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are material items or products that customer's will buy to satisfy a want or need
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goods
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is the rate at which goods and services are produced based upon total output given total inputs
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productivity
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MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stands for
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management information systems
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is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses
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Chief Security Officer (CSO)
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if you were thinking about a washing machine as a system, which of the following represents the outputs
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clean laundry
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identifying competitive advantages can be difficult and explains why they are typically
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temporary
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which group of stakeholders' primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting
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government
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advantage features a product or service on which customers place a greater value than they do on similar offerings from competitors
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competitive
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strategy evaluates a project's position.
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SWOT analysis
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executes the business strategy
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value chain analysis
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Which of the following statements is correct when considering a SWOT analysis
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opportunties and threats originate outside of an organization
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Strengths would be categorized as ___________ in a typical SWOT analysis
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internal and helpful
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are costs that make customers reluctant to switch to another product or service
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switching costs
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Which of the following describes how a company can reduce the threat of substitute products or services
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offer additional value through wider product distribution
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consists of all parties involved, directly or indirectly, in obtaining raw materials or a product
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supply chain
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is the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
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supplier power
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is high when there are many alternatives to a product or service and low when there are few alternatives from which to choose
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threat of substitute products or services
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is a standardized set of activities that accomplishes a specific task
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business process
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analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers
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value chain analysis
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when evaluating the value chain, all of the following are included in the primary value activities except
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MIS development
