MANGT 366 Exam 1 Question and answers already passed 2024/2025
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Course
SMGT 366
Institution
SMGT 366
MANGT 366 Exam 1 Question and answers already passed 2024/2025 MANGT 366 Exam 1
Which business function areas would benefit most from using information technology - correct answer 1. Customer Service
2. Finance
3. Sales and Marketing
Information Technology enables business success slide ...
MANGT 366 Exam 1
Which business function areas would benefit most from using information
technology - correct answer ✔1. Customer Service
2. Finance
3. Sales and Marketing
Information Technology enables business success slide - correct answer ✔1.
IT is most successful when it leverages the talents of people
2. The key is for organizations to allocate resources on the right types of IT
that correctly support their business operations to be successful
3. The right people have to know how to use and manage IT for it to enable
organizational success. Just having IT and spending money on it will not be
enough.
Data - correct answer ✔Raw facts that describe the characteristics of an
event. Ex: Recording sales events in an excel spreadsheet. GPA.
Information - correct answer ✔Data converted into meaningful and useful
context is information Ex: Ratios, Percentages and Numbers that describe
your data. GPA with the student that owns that GPA
Business Intelligence - correct answer ✔The analysis of data and information
from sources to gain a comprehensive picture of the factors influencing your
business. Understanding the environment that your business is operating in
and the factors that impact your operations. Ex: Predictive analytics to
develop models to predict behavior.
What are the most important resources in any organization and what is the
relationship between each of those items? Which is the most valuable and
, why? - correct answer ✔1. Hardware, Software, Databases, Network,
Procedures and People
2. People is the most important because people use information technology to
work with information. IT is simply a set of tools that helps you work with and
process information.
which IT skills are most commonly used in each of the business professions -
correct answer ✔1. Accounting- accounting information systems,
spreadsheet modeling, database design and management, web research and
Network security/IT trading.
2. Finance- spreadsheet modeling, statistical analysis to identify and manage
risk, database management and web sites and search engines.
3. Management- ERP software, spreadsheet analysis, database
management, and websites and web portals.
4. Marketing- Customer relationship management, Spreadsheet software
(what-if analysis), database management/data warehouses/data mining, and
communications software and desktop publishing.
5. Operations Management- Advanced statistical techniques and advance
spreadsheet modeling, scheduling software, ERP software, supply chain
management software.
6. All- Some sort of spreadsheet modeling or analysis, some sort of database
management.
Which IT skills appear to be common to all business areas? - correct answer
✔Accounting:
1. Accounting Information Systems- almost all accounting systems are
computerized
2. Database Management- Accounting information is stored in databases and
that info is used to create accounting reports
3. Database Design- In order to audit accounting systems, accountants must
be able to understand the design of the database and be able to follow
transactions through the system
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