Inmt 341 - Study guides, Class notes & Summaries

Procure to Pay Business Process Includes the business events associated with buying, maintaining, and paying for goods and services needed by the organization -Goods and services include: inventory (raw materials and finished goods), services (utilities, insurance, repairs, maintenance, research, development, professional/legal services), supplies, human resources, financial instruments, PP&E, or fixed assets -Referred to as Order to Pay, Purchase to Pay, and/or Expenditure process Primary Ob...

INMT 341 Exam 1 Complete Questions And Answers Rated 100% Correct!!!

Information System Basics Includes two major components: -Data -Processing instructions (application program code) used to process that data into information or knowledge Data Accessed by Program Instructions Accessed in two ways: -User can supply data directly (via typing, voice, scanning, screen touch) -Computer program can access data stored on a storage medium (hard drive, network file server, USB flash drive, DVD, CD, etc.) Benefit of Databases Reduce: -Data redundancy -Data inconsi...

INMT 341 Exam 2 questions and answers well illustrated. 2 squestions sfor s"Negotiate sSales sOrder" s- s scorrect sanswer. s s sCan syou spay sfor sit? sDo sI shave sit? "Deliver sGoods/Services" striggers swhat stwo sinformation sprocesses? s- s scorrect sanswer. s s sSale sand sInvoice general sauthorization s- s scorrect sanswer. s s sallows syou sto sbuy sanything swithin syour scredit slimit Sales sOrder s- s scorrect sanswer. s s sCustomer sorder sthat shas sbee...

INMT 341 Final Exam Questions and Answers

IT governance framework describes leadership, organizational structures, and processes that ensure IT sustains and extends organizational strategies and objectives ITIL framework a framework that helps organizations manage their IT services across their lifecycle ISO/IEC 38500:20015 framework provides guiding principles for members of governing bodies of organizations on the effective, efficient, and acceptable use of information technology (IT) within their organizations COBIT framework sepa...

Black hole No process can have only inputs. If an object has only inputs, then it must be a sink If an object has only outputs it must be a source If an object has only inputs it must be a sink Context Diagram The least detailed level of data flow diagramming The diagram shows only the major information flows between the system and the external parties that interact with the system Outside sources/systems/agents You can tell something or someone is an outside source because you do not know d...

GRC (Governance, Risk, and Compliance) How do organizations effectively manage processes, people, and technology so that they help generate value? Governance Governing/managing processes, technology, and systems. IT governance describes a formal framework that provides a structure for organizations to ensure that RT investments support business objectives Sometimes referred to as IT governance Subset of overall organizational governance Risk management Identifying and controlling thee risks...

Information management collection and management of information, gathered from a variety of sources, and the distribution of that information to one or more stakeholders Information management requires... managing and controlling the structure, processing, delivery, and security of information Business Process a collection of related activities performed by a group of stakeholders to achieve a concrete goal. They combine resources and inputs to create an output that is of value to the organiza...