INF 1505 QUESTIONS AND ANSWERS LATEST UPDATE A+ GRADED
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Course
INF 1505
Institution
INF 1505
INF 1505 QUESTIONS AND ANSWERS LATEST UPDATE A+ GRADED
Computer literacy
A skill using productivity software and having knowledge of hardware and software, the internet and collaboration tools
Information literacy
Understanding the role of information in generating business intelligence
Bu...
INF 1505 QUESTIONS AND ANSWERS LATEST
UPDATE A+ GRADED
Computer literacy
A skill using productivity software and having knowledge of hardware and software, the
internet and collaboration tools
Information literacy
Understanding the role of information in generating business intelligence
Business Intelligence
Giving historical, current and predictive views of business operations and environments
thus giving organisations a competitive advantage
What is TPS?
Transaction-processing systems
Transaction-processing systems
Focuses on data collection and processing
What is MIS?
Management information systems
Management information systems
An organised integration of hardware and software tech, data processes and human
elements designed to produce timely, integrated, relevant accurate and useful
information for decision making purposes
Data
Raw facts, Includes both internal and external data
Why are databases important?
They reduce time needed to gather, process and interpret data manually
What does DBMS stand for?
Database management systems
Information process component do what?
Creates the most useful info for decision making that will grow the business
What is Information?
facts that have been analyzed by the process component and is useful
What makes information most useful?
>Timeliness
>Integration with other data and information
>Consistency and accuracy
>Relevance
>User interface
Information Technologies
> Support information systems and use the internet, computer networks and database
systems, POS systems and RFID tags
Information helps manage the four M's of resources.
What are the for M's of resources?
Manpower, machines , materials and money
What does PIS stand for?
, Personnel information system
What does HRIS stand for?
Human resource information system
PIS/HRIS helps with what?
> Choosing the best job candidate
> Scheduling and assigning employees
> Predicting the organisations' future personnel needs
> Providing reports and statistics on employee demographics
> Allocating human and financial resources
What does LIS do?
> Improve routing and delivery schedules
> Selecting the best modes for transportation
> Improving transportation budgeting
> Improving shipment planning
What does LIS stand for ?
Logistics information system
What does MFIS stand for?
Manufacturing information systems
What does MFIS help do?
> Ordering decisions
> Product cost calculations
> Space utilisation
> The bid evaluation process used with vendors and suppliers
> Analysis of price changes and discounts
What does FIS stand for?
Financial information systems
What does FIS help do?
> Improve budget allocation
> Minimising capital investment risks
> Monitoring cost trends
> Managing cash flows
> Determining portfolio structures
What does MKIS stand for?
marketing information system
MKIS provides information on the marking mix called the 4 P's.
What do the 4 P's stand for?
> Price
> Promotion
> Place
> Product
What are useful marketing technology tools?
> Business web
> E-mail marketing
> Search engine marketing
> Mobile technologies
> Marketing automation
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