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INSY 2303 Exam 3 UTA - Questions And Answers
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INSY 2303 Exam 3 UTA - Questions And AnswersInformation System ✔️Ans - Collects, stores, and processes data to provide
useful, accurate, and timely information
Organization ✔️Ans - a group of people working together to accomplish a
goal
Enterprise ✔️Ans - Any organization that seeks profit by providing goods
and services
5 components of an information system ✔️Ans - Hardware, software,
communication networks, policies and procedures, people
Vertical Market ✔️Ans - software designed for a specific industry or
enterprise
Horizontal market ✔️Ans - Software designed for common elements of
many businesses
3 phases of decision making ✔️Ans - 1. Recognize the problem or a need to
make a decision
2. Devise and analyze possible solutions
3. Select an action or solution
Transaction ✔️Ans - an exchange between two parties that is recorded and
stored in a computer system
Transaction processing system (TPS) ✔️Ans - provides a way to collect,
process, store, display, modify, or cancel transactions
Online processing ✔️Ans - a real-time method in which each transaction is
processed as it is entered
Management information system ✔️Ans - any computer system that
processes data and provides information within a business setting
Summary report ✔️Ans - combines, groups, or totals data
, Exception report ✔️Ans - contains information that is outside of normal or
acceptable ranges
Decision support system ✔️Ans - helps people make decisions by directly
manipulating data, accessing data from external sources, generating statistical
projections, and creating data models of various scenarios
Executive information system ✔️Ans - a type of decision support system
designed to provide senior managers with information relevant to strategic
management activities
Expert system ✔️Ans - a computer system designed to analyze data and
produce a recommendation, diagnosis, or decision based on a set of facts and
rules
Knowledge engineering ✔️Ans - the process of designing, entering, and
testing the rules in an expert system
Ecommerce ✔️Ans - business transactions that are conducted electronically
over a computer network
B2C ✔️Ans - Online storefronts such as Amazon that offer merchandise and
services to consumers
C2C ✔️Ans - Consumers sell to each other at popular auction and list sites,
such as eBay
B2B and B2G ✔️Ans - Websites such as FedBid that sell goods and services
to other businesses or to the government
Supply chain ✔️Ans - the sequence of organizations, people, activities,
information, and resources involved in moving a product or service from
supplier to customer
Enterprise resource planning (ERP) ✔️Ans - suite of software modules that
integrate major business activities
ERP Benefits ✔️Ans - 1. improved overall performance
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