Exam 18: Using Advanced Information Technology to Increase Performance

During the product life cycle, demand for a product is highest during the growth stage.

A decision support system is used by managers to

Establishing measurable standards of performance, measuring actual performance, comparing actual performance against established goals, and evaluating the results and taking corrective action are steps to

When executive support systems are used to link top managers virtually in order for them to function as a team, it is called a(n)________ system.

Discuss and explain why you, as a manager of a supermarket, would use a transaction-processing system.

Define e-commerce. Provide examples to differentiate between the business-to-business (B2B)and business-to-customer (B2C)forms of trade and the goals of each.

A(n)________ is a formal series of global alliances that one or several organizations create with suppliers, manufacturers, and distributors to produce and market a product.

Kristine owns a clothing design company. She wants to make intelligent and informed decisions that take into account various potential scenarios, so she implements an MIS for financial planning. Kristine's MIS would be characterized as a(n)________ system.

________ refers to a specific form of IT that managers utilize to generate specific, detailed information they need to perform their roles effectively.

Define and compare transaction-processing, operations information systems, and decision support systems. How do these types of MIS relate to each other? Provide an example of when each type of MIS would be most applicable.

The client computers that are linked directly to a server constitute a(n)

Reliable Electronics recently released a new product. Because consumers are buying the product for the first time, demand is low. The marketing manager, however, expects demand will increase rapidly in the ________ stage of the product life cycle.

A credit union uses an MIS to effectively record a large volume of routine payments and deposits. The type of MIS that the bank uses is a(n)________ system.

What would be characterized as real-time information?

CEOs make frequent use of decision-support systems in their decision-making.

Define a virtual organization and provide specific examples of how employees in such an environment would do their jobs and interact.

The platform, referred to as ________, is created to connect buyers and sellers in an industry.

Realistic information reflects current conditions in the organization.

Harvard Bank needs a computer system to record deposits and withdrawals from its customers' accounts. The bank is most likely to use a(n)________ system.

Before agreeing to discontinue a product, the CEO requested detailed information on recent sales trends, existing customer transition plans, cost projections, and many other aspects related to the product that would best help characterize the pros and cons. The CEO is ensuring the ________ of information available for making this decision.