Exam 1: Management Information Systems: Business Driven MIS

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What type of report changes automatically during creation?

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What is a view of data at a particular moment in time?

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What are costs that make customers reluctant to switch to another product or service?

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Updating business strategies is a continuous undertaking as internal and external environments ________.

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What is predictive analytics?

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Why do students need to study information technology?

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Explain systems thinking and how management information systems enable business communications.

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The Accounting and Finance departments primarily use monetary data.

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Identify the different departments in a company and why they must work together to achieve success.

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Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

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If you were thinking about a washing machine as a system which of the following represents the process?

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What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

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The business decisions made by the Human Resources department include employee data,promotion data,and vacation data.

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Jennifer Bloom is writing a paper and she must determine which of Porter's Three Generic Strategies The Museum Company has implemented.Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers.What would Jennifer determine The Museum Company is using as its generic strategy?

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Predictive analytics is a world where interconnected,Internet-enabled devices or "things" can collect and share data without human intervention.

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If you were thinking about an oven as a system which of the following represents the input?

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Which of the following represents the types of data commonly found in the accounting department?

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Which of the following provides an accurate definition of systems thinking?

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Using only data and information to make decisions and solve problems is the key to finding success in business.These are also the only core drivers of the information age and the building blocks of business systems.

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Which data types are typically found in the Accounting department?

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