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MIS 200 Miesse Exam 1 (1)
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MIS 200 Miesse Exam 1 (1)
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MIS 200 Miesse Exam 1Why is MIS important in Business School? - ANS-Helps businesses achieve their strategies
Bell's Law - ANS-New industries will be formed by new classes of computers
[software/computers are rapidly changing, and society/computers/individuals must make
adjustments to adapt with these changes]
Moore's Law - ANS-Technology improvements in electronic chip design and manufacturing has
caused the number of transistors per square inch on an integrated chip to double every 18
months [because of this, the cost of data processing is approaching zero]
Metcalfe's Law - ANS-The value of a network is equal to the square of the number of users
connected to it [AKA... as more digital devices are connected together, the value of that network
will increase]
Nielsen's Law - ANS-Network connection speeds for high-end users will increase by 50% each
year
Kryder's Law - ANS-The storage density on magnetic disks is increasing at an exponential rate
Important non-routine cognitive skills - ANS-Abstract thinking, systems thinking, collaboration,
ability to experiment , not afraid of failure, ability to give and receive critical feedback
What is systems thinking? - ANS-The ability to model the components of the system to connect
the input and the outputs among those components into a sensible whole that reflects the
structure and dynamics of the phenomenon observed
What is the technology skills gap? - ANS-the mismatch between the high level of tech skills
demanded by employers and the low level of tech skills held by employees
What is MIS - ANS-the management and use of information systems that help organizations
achieve their strategies
What is IS? - ANS-Information system: an assembly of hardware, software, data, procedures,
and people that produce information
What is IT? - ANS-Information technology: refers to the products, methods, inventions, and
standards used for the purpose of producing information
You CANNOT buy an ____ but you CAN buy _____ - ANS-IS, IT
, What is a system? - ANS-A group of components that interact to achieve some purpose
Five components of an information system - ANS-Hardware, software, data, procedures, people
[Automation moves from humans to hardware] [increasing degree of difficulty to change moves
from hardware to humans]
Actors in the Information System - ANS-hardware and people
Instructions in the information system - ANS-Software and Procedures
What is the bridge in the information system - ANS-Data
What is the computer side in information system - ANS-Hardware and software
What is the human side in the information system - ANS-Procedures and people
What are the characteristics of data? - ANS-Accurate, timely, relevant, just sufficient, worth its
cost
What is the difference between data vs information - ANS-Data is raw information (input),
information derives from data (output)
Basic password etiquette - ANS-- should be 12+ characters
- not contain real name/username/company name
- no dictionary word
- both upper & lowercase letters, numbers, special characters
- use different passwords across all sites
The organizational strategy that determines informations systems - ANS-Industry structure --->
competitive strategy ----> value chains -----> business processes ----> information systems
What is value? - ANS-the amount of money that a customer is willing to pay for a resource,
product, or service?
What is margin? - ANS-The difference between the value that an activity generates and the cost
of the activity
What is a value chain? - ANS-A network of value-creating activities. The generic chain consists
of the live primary activities and four support activities
What are the primary activities of a value chain? - ANS-Inbound logistics (quire the materials to
create the product), operations/manufacturing (creating the product), outbound logistics
(delivery), sales/marketing (getting customers to buy the product), and customer service
(assisting the users of the product)
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