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ISQS 2340 exam 1 Questions and Answers Verified by Expert 100% Correct
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ISQS 2340 exam 1 Questions and Answers Verified by Expert 100% Correct
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ISQS 2340 exam 1 Questions and AnswersVerified by Expert 100% Correct 2024-2025
What does ISQS stand for? - ANSWER Information systems and quantitative
sciences
CEO (Chief Executive Officer) - ANSWER • Manages External
Stakeholder Relationships
• Sets Strategic Direction
• Defines High Level IT
Needs for the Future
COO (Chief Operating Officer) - ANSWER • Manages Operations
• Allocates Resources
• Primary Consumer of IT
within the Organization
CFO (Chief Financial Officer) - ANSWER • Manages Accounting & Finance
• Forecasts Needs and Secures
Financial Resources
• Allocates Budget for IT Expenditures
CIO (Chief Information Officer) - ANSWER • Manages IT Organization and
Operations
• Forecasts IT Needs from Business Strategy
,• Sets Direction for IT Architecture and Organization
• Plans, Designs and Delivers IT throughout the firm
Why are IT-Based Information
Systems Important? - ANSWER •IT-Based Information Systems is a major
functional area important to business
success (just as Finance, Accounting,
Marketing, and HR)
Why are IT-Based Information
Systems Important? - ANSWER •IT-Based Information Systems is an
important contributor to operational
efficiency, employee productivity, customer service, and customer
satisfaction
Information Systems Framework: Business Systems - ANSWER •IT in
Marketing, Finance, Accounting, HR
•IT in Cross-Functional applications
•Decision Making with DSS, ESS and AI
Information Systems Framework:Systems Development - ANSWER
Development Methodologies SDLC and
Prototyping
Data - ANSWER raw facts. By themselves not useful.
, Data processing: - ANSWER giving context to data
and converting data into information.
information - ANSWER the interpretation of
processed data in order to make better
decisions.
characteristics of valuable info - ANSWER •Precise
•Complete
•Cost-effective
Uncomplicated
•Opportune
•Verifiable
•Adaptable
•Dependable
•Relevant
System - ANSWER an organized collection of
interrelated parts that work together to
achieve a common purpose.
Systems have - ANSWER Inputs
Processing Mechanism
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