Final Exam Intro To BUSINESS UNH UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
Intro To BUSINESS UNH
Institution
Intro To BUSINESS UNH
Final Exam Intro To BUSINESS UNH
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Information Technology (IT) - CORRECT ANSWER- includes equipment and
techniques used to manage and process information
Databases - CORRECT ANSWER- The core of business information systems
Marketing - CORRECT ...
Final Exam Intro To BUSINESS UNH
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Information Technology (IT) - CORRECT ANSWER✔✔- includes equipment and
techniques used to manage and process information
Databases - CORRECT ANSWER✔✔- The core of business information systems
Marketing - CORRECT ANSWER✔✔- can track new orders and determine what products
are selling best
Sales - CORRECT ANSWER✔✔- can identify high volume customers or contact customers
about new or related products
Operations - CORRECT ANSWER✔✔- can use order information to obtain inventory and
schedule production of the ordered products
Finance - CORRECT ANSWER✔✔- can use sales data to prepare financial statements
Computer Networks - CORRECT ANSWER✔✔- - a group of two or more computer
systems linked together by communications channels to share data and information
- beneficial because info sharing is fast and simple through file sharing, eliminating
duplication of effort
- "screen share" and collaboration
Enterprise Portals - CORRECT ANSWER✔✔- A type of intranet or internal website that
provides proprietary corporate info to a defined user group, allow individuals or user groups
to customize the portal home page to gather just the info the need for their particular job
3 forms of portals - CORRECT ANSWER✔✔- business to employees
business to business
, business to consumer
Virtual Private Networks - CORRECT ANSWER✔✔- used for security and cost savings
(most effective for companies with widespread offices compared to creating a network using
purchased networking equipment and leasing expensive private lines
Management Information Systems - CORRECT ANSWER✔✔- methods and equipment that
produce info about all aspects of a firm's operations
Main types of Management Information Systems - CORRECT ANSWER✔✔- →
Transaction Processing system
→ Management Support System
→ Decision Support system
→ Executive information system
→ expert system
Management Support System (MSS) - CORRECT ANSWER✔✔- Data warehouse:
combines many databases across the whole company into one central database that supports
management decision-making (may include data marts)
Decision Support System (DSS) - CORRECT ANSWER✔✔- helps managers make
decisions using interactive computer models that describe real-world process
Executive Information System (EIS) - CORRECT ANSWER✔✔- similar to a DSS but
customized for an individual executive. These systems provide specific information for
strategic decisions.
Expert System - CORRECT ANSWER✔✔- gives managers advice similar to what they
would get from a human consultant
Data driven Decision Making - CORRECT ANSWER✔✔- the process of making
organizational decisions on actual data rather than intuition or observation alone
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