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final exam intro to business unh study guide solutions Information Technology (IT) - ANSWER-includes equipment and techniques used to manage and process information Databases - ANSWER-The core of business information systems Marketing - ANSWER-can track new orders and determine what products a...

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  • November 11, 2024
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final exam intro to business unh study

guide solutions


Information Technology (IT) - ANSWER✔✔-includes equipment and techniques used to manage and

process information


Databases - ANSWER✔✔-The core of business information systems


Marketing - ANSWER✔✔-can track new orders and determine what products are selling best


Sales - ANSWER✔✔-can identify high volume customers or contact customers about new or related

products


Operations - ANSWER✔✔-can use order information to obtain inventory and schedule production of the

ordered products


Finance - ANSWER✔✔-can use sales data to prepare financial statements


Computer Networks - 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 - 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

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3 forms of portals - ANSWER✔✔-business to employees


business to business


business to consumer


Virtual Private Networks - 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 - ANSWER✔✔-methods and equipment that produce info about all

aspects of a firm's operations


Main types of Management Information Systems - ANSWER✔✔-→ Transaction Processing system


→ Management Support System


→ Decision Support system


→ Executive information system


→ expert system


Management Support System (MSS) - 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) - ANSWER✔✔-helps managers make decisions using interactive computer

models that describe real-world process


Executive Information System (EIS) - ANSWER✔✔-similar to a DSS but customized for an individual

executive. These systems provide specific information for strategic decisions.

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