Management 366 Question and answers already passed 2024/2025
3 views 0 purchase
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.59. You're not tied to anything after your purchase.
