Exam 1: Information Systems in Perspective

Some successful stock,options,and futures traders use expert systems to spot trends and improve the profitability of their investments.

In some cases,inaccurate information is generated because inaccurate data is fed into the transformation process.This is commonly called _____.

The more consumers can obtain similar products and services that satisfy their needs,the less likely firms are to try to establish competitive advantage.

An intranet is a network based on Web technologies that allows selected outsiders,such as business partners and customers,to access authorized resources of a company's extranet.

Quality information that can be used for a variety of purposes is said to be _____.

_____ is a branch of artificial intelligence that allows computers to recognize and act on patterns or trends.

Predicting future events to avoid problems is called _____.

_____ is a strategy for gaining competitive advantage wherein a company strives to deliver distinct products and services.

Information about the documents on the Web and access to these documents are controlled and provided by tens of thousands of special computers called Web servers.

Information is simply a collection of raw facts such as an employee number or the total hours worked in a week.

The internal rate of return of an investment is the rate of return that makes the net present value of all _____ cash flows (benefits and costs)generated by a project equal to zero.

Explain the role of a chief information officer (CIO).

An agreement between two or more companies that involves the joint introduction and distribution of goods and services is called ______.

A(n)_____ is a set of interrelated components that collect,manipulate,store,and disseminate data and information and provide a feedback mechanism to meet an objective.

In a manufacturing organization,the _____ is a key value chain whose primary activities include inbound logistics,operations,outbound logistics,marketing and sales,and service.

_____ is a process for testing skills and knowledge resulting in an endorsement by the certifying authority that an individual is capable of performing particular tasks or jobs.

The unique value of learning systems is that they allow organizations to capture and use the wisdom of experts and specialists.

A(n)_____ is an organized collection of people,procedures,software,databases,and devices used to perform and record business deals.

Hiring an outside company to perform some or all of a systems development project is called _____

The _____ is a theory developed by E.M.Rogers to explain how a new idea or product gains acceptance and diffuses (or spreads)through a specific population or subset of an organization.