Management 366 Question and answers already passed 2024/2025
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Course
SMGT 366
Institution
SMGT 366
Management 366 Question and answers already passed 2024/2025 MANGT 366 Exam 1 Boyer
Management Information System (MIS) - correct answer -Develop, maintain, and adapt the information system
-Key Elements: Management and use of system, Information systems (the actual system), and Strategies y...
Management 366 - Kansas State
University (Exam 1)
What is the most important part of an information system? Why? - correct
answer ✔People, because their knowledge, skills, and attitudes often
determine the quality and quantity of system output
Information Technology? (IT) - correct answer ✔Computer based systems
for storing, retrieving, and sending information (Includes: Hardware, software,
and data) - this is a subset from information systems
Information Systems? (IS) - correct answer ✔A computer system or a simple
pencil and paper system for collecting, creating, storing, processing, and
distributing information (Includes: IT, procedures, people)
Management Information Systems? (MIS) - correct answer ✔Management
and use of information systems to achieve business strategies
Metcalfe's Law? - correct answer ✔Value of a network is equal to the square
of the number of users connected to it
Kryder's Law? - correct answer ✔The storage density on magnetic disks is
increasing at an exponential rate
Moore's Law? - correct answer ✔The number of transistors per square inch
on an integrated chip doubles every 18 months
Bell's Law? What does it mean for today's successful business? - correct
answer ✔A new class of computers establishes a new industry each decade.
, A highly successful business could be bankrupt quickly because it didn't
change the technology to stay up to date. (Ex: Blockbuster)
What are the 4 marketable skills? - correct answer ✔1. Abstract reasoning
2. Systems thinking
3. Collaboration
4. Ability to experiment
Abstract Reasoning? - correct answer ✔The ability to make and manipulate
models. (Ex: construct a model or representation)
System Thinking? - correct answer ✔A way of monitoring the entire system
by viewing multiple inputs being processed or transformed to produce outputs
while continuously gathering feedback on each part
Collaboration? - correct answer ✔Develop ideas and plans with others.
Provide and receive critical feedback.
Ability to Experiment? - correct answer ✔Create and test promising new
alternatives consistent with available resources
Why is it important to develop and practice these non-routine skills? - correct
answer ✔Since everything is changing there really isn't a "routine"
How are Information technology and Information systems different? - correct
answer ✔Information technology uses only technological techniques to find
information, while Information systems can use technology or something as
simple as a pencil and paper calculation to find information
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