Exam (elaborations)
BMAL-590 Information Management Systems questions well answered to pass
- Course
- Institution
BMAL-590 Information Management Systems questions well answered to pass
[Show more]
Content preview
BMAL-590 Information ManagementSystems
In business, organizations utilize information primarily in problem-solving or in decision-making
processes - correct answer ✔✔Problem-solving and decision-making require information. Gathering the
correct information efficiently, storing it in such a way that it is accessible, and utilizing it to help an
organization achieve its business goals are the keys to success in any business environment.
Data - correct answer ✔✔the raw material necessary for the creation of information
Raw data is rarely meaningful or as useful as information without dissemination; data is used to build
information. In order for data to become information, data must be compiled, manipulated, analyzed, or
utilized in such a way in which it leads to an improved understanding of a situation.
information - correct answer ✔✔the facts or conclusions derived that have meaning within a given
context
In order for information to be useful in decision-making and problem-solving, information must be
presented in a meaningful and logical way within a specific context.
The only thing more harmful than no information is partial or inaccurate information
system - correct answer ✔✔a set of detailed procedures, methods, processes, or course of action
intended to achieve a specific result or carry out a particular activity. Components and parts of a system
and interrelated steps work together for the good of the whole. A successful business attains results that
are consistent, measurable, and ultimately benefit customers.
Subsystem - correct answer ✔✔a smaller component of a larger system
Systems thinking - correct answer ✔✔Viewing an organization in terms of its subsystems
,a complete approach to analysis focusing on the way a system's parts interrelate, and how systems work
over time and within the context of larger systems.
In order to solve problems, managers need to be able to identify the problem, which is done by
recognizing the subsystems in which the problems occur and solving the problems within those
subsystems' constraints and strengths. As an added benefit, systems thinking can also support managers
by keeping them focused on the overall goals and operations of a business. Systems thinking encourages
the manager to consider the entire system, not only their specific subsystem when solving problems or
making decisions.
information technology - correct answer ✔✔Systems thinking is supported by information technology
refers to all technologies, especially computers and telecommunications, that collectively facilitate the
building and maintaining of information management systems. Systems thinking is the basic reasoning
behind an organization's dependence on computers and enterprise software applications.
Enterprise software applications - correct answer ✔✔support business systems by ensuring the flow of
information throughout the entire organization.
synergy - correct answer ✔✔refers to the combined effects produced by two or more parts, elements, or
individuals, which then produces an effect greater than the totality of their separate effects.
This synergy between computers and humans is the backbone of modern business. Successful
companies will find ways to harness this power to maximize business and organizational success.
Synergy is realized by performing simultaneously and automatically the sequential steps and tasks that
once had to be performed manually.
information management system - correct answer ✔✔Managers plan, control, and make decisions and
as long as a system supports one or more of these activities
Transaction processing systems (TPS) - correct answer ✔✔most widely used information systems in the
world. The primary function of transaction processing systems is to record data collected where an
, organization transacts business with other organizations. TPS's can include point-of-sale (POS) machines,
automatic teller machines (ATM), and purchase order systems.
Business intelligence systems - correct answer ✔✔refer to data and software tools for organizing,
analyzing, and providing access to data with the goal of helping managers and other enterprise users
make well-informed decisions. Business intelligence systems address the decision-making needs of all
levels of management within a business.
Supply chain management systems or an SCM system - correct answer ✔✔aids a business in the
managing or dealings with suppliers. Suppliers, purchasing businesses, distributors, and logistics
companies all benefit from these systems by the sharing of information about orders, production,
inventory levels, and delivery of products and services.
This allows for efficiencies in the sourcing, producing, and delivery of goods and services. SCM systems
are often called Enterprise resource planning (ERP) systems. This is because the information they provide
supports the planning of shipping resources such as personnel, funds, and raw materials.
Supply chain management systems are the result of systems thinking and support systems thinking. They
eliminate the need to reenter data that has already been captured somewhere else in the organization
thereby saving time and money.
customer relationship management (CRM) systems - correct answer ✔✔allows the storage and
management of prospect and customer information, like contact information, accounts, and sales
opportunities, in one central location. These systems make information readily available to coordinate all
of the business processes surrounding customers—such as marketing, sales, and service—to increase
revenue.
Why do businesses utilize business intelligence systems? - correct answer ✔✔focuses on delivering
information to support management decision-making. Business intelligence applications consist of
sophisticated statistical models which are typically personalized for a particular industry or business.
They also typically access large collections of data known as a database. With proper analysis models,
business intelligence systems can identify consumer buying patterns and other valuable business
intelligence that helps managers make decisions in the best interests of the business.
decision support systems (DSSs) - correct answer ✔✔rely on models and formulas to produce concise
information that can assist in decision making
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now