Exam 1: Information Systems: an Overview

Which of the following systems supports sales forecasting?

In the context of IT jobs, a _____ must have knowledge and understanding of data warehouse and data-mining tools.

Which of the following is a software component of a management information system (MIS)?

A__________is an organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes.

In designing a management information system (MIS), the first task is to collect data and analyze it.

An information system should collect data from both external and internal sources, although organizational objectives and the type of application also determine what sources to use.

Computer networks, database systems, point-of-sale (POS) systems, etc., are few examples of information technologies that support information systems in__________.

A _____ provides reports and statistics on employee demographics.

In the context of using information technologies for a competitive advantage, which of the following statements is true of a top-line strategy?

An effective financial information system should provide timely, accurate, and integrated information about the marketing mix-4Ps: price, promotion, place, and product.

A comprehensive framework called the__________was created by Harvard Business School's Michael Porter for analyzing an organization, its position in the marketplace, and how information systems could be used to make the organization more competitive.

Twitter is an example of a _____.

Information systems are broader in scope than information technologies.

__________is one of the forces of the Five Forces Model created by Michael Porter.

_____ help a person connect with friends, family, and colleagues online and meet people with similar interests and hobbies.

In the context of Porter's Five Forces Model, which of the following is a difference between buyer power and supplier power?

_____ strategy was identified by Michael Porter, a professor at Harvard Business School, for successfully competing in the marketplace.

_____ is a social networking Web site.

Which of the following is a difference between a logistics information system (LIS) and a financial information system (FIS)?

Rivalry among existing competitors is high when many competitors occupy the same marketplace position.