Exam 18: Used Advanced Information Technology to Increase Performance

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_______ is trade that takes place between a company and individual purchasers using IT and the Internet.

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What is a computer network? Briefly explain the different components of a network.

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S&R Electronics recently released a new product.Because consumers are buying the product for the first time, the marketing manager expects the demand to increase rapidly in the _____ stage of the product life cycle.

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The _____ stage begins when market demand peaks because most customers have already bought the product.At this stage, demand is typically replacement demand.

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The stage of the product life cycle in which demand, and therefore sales, for a product is least is the _____ stage.

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Define information technology and management information system.Briefly explain the three primary reasons why managers need information.

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_____ is(are) raw, unsummarized, and unanalyzed facts.

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Members of a _____ are linked to an organization's centralized database by computers, faxes, computer-aided design systems, and video teleconferencing and who rarely, if ever, see one another face-to-face.

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Explain how a decision support system can help managers make better nonprogrammed decisions and provide an example.

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A(n) _____ system is the most advanced management information system that incorporates artificial intelligence in its design.

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Large companies that need immense processing power have a(n) _____ computer at the center or hub of the network that can quickly process vast amounts of information and can handle electronic communications between PCs situated in different LANs.

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_____ tells the computer hardware how to run.

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The order in which the stages of the product life cycle occur over time is

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Executive support systems are used to link top managers virtually so they can function as a team; this type of executive-support system is called a(n)

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The State Bank 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.

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Discuss the four steps of the "control process" that managers use within organizations.Give a specific business example of each of these steps in a business decision situation.

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Which of the following statements is true about the effects of IT on the organizational hierarchy?

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__________ determine the quality of information.

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Modern information systems _____ an organization's need for hierarchy and _____ its efficiency.

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

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