MIS 101 Exam Study guide

Information Age

We are currently living in the________, an era characterized by the production, distribution, and control of information as the primary economic driver.

Decision Making

An employee at a grocery store chain is studying an analysis of data regarding the purchasing behavior of its’ customers. Based on the analysis, the employee will develop customized marketing plans for each store. The grocery store chain is using the analysis for_______

Rumors

Which of the following is not typically included as a data source for business intelligence?

Finding parts ordered in large quantities

The bicycle parts distributor in the textbook used a BI system to find candidate part for the sale 3D parts designs by using all of the following criteria, EXCEPT by ______.

Only select items with a unit price of more than $100

When the bicycle parts distributor in the textbook acquired data for its BI system from its operational database, it used all the following filtering conditions, EXCEPT _________.

Data warehouse

A(n)__________is a facility for managing an organization’s business intelligence data.

Metadata

A key aspect of a data warehouse is the _________ describing the data’s source, format, assumptions, and constraints

Missing values

A major problem with data that is purchased from data vendors is________.

Data mining

_________ involves searching for patterns and relationships among data.

Interpreting

A business intelligence reporting application is likely to employee all the following basic operations EXCEPT _______.

The analyst must develop explanations for patterns after observing the pattern

One of the challenges with unsupervised data mining is ________.

Market-basket analysis

A data mining technique that has proven especially useful in helping salespeople increase sales through cross-selling is called ________.

MapReduce

Breaking a Big Data collection into piece, applying many simultaneous processors to search the piece, then combining the results is known as ________.

Small size of the content databases

The challenges associated with content management systems include all the following EXCEPT _________.

Real simple syndication

Which of the following is a standard for subscribing to content sources?

BI server

A(n) _________ produces dynamic reports, supports alerts/RSS functionality, and supports user subscriptions

Deep learning

A multilayered neural network technique, known as _______, has greatly increased the practical usefulness of artificial intelligence.

Artificial intelligence (AI)

The field of study that seeks to enable machines to simulate human abilities is known as ________.

Lowered wages and benefit costs

The most significant benefit of replacing human labor with automated labor is ________.

Reduced costs from fraudulent employee behavior

A surprising significant benefit from adopting automated labor is _________.

Weak AI

Current AI capabilities are focused on completing a single specific task, which is known as ______.

Strong AI

AI research is striving to create machines that can complete all the same tasks that humans can. The goal is termed _________.

Turing

If an artificial intelligence passes the ________ test, it can engage in a conversation that is indistinguishable from a conversation with an actual human.

Algorithms

A machine learning system focused on classifying email as spam or legitimate uses _______ in its work.

Natural language processing

A key feature of IBM’s artificial intelligence named Watson was ________.

The machines that are running the analysis will possess and create information for themselves

A future concern about unsupervised data mining applications is ________.

Bell’s

The statement that “a new computer class forms roughly each decade establishing a new industry” is recognized as _______ Law.

Kryder’s Law

According to​ __________, the density of storage on magnetic disks is increasing at an exponential rate.

Metcalfe’s Law

​__________ reflects the fact that as more digital devices are connected to a​ network, the network becomes more valuable.

Ability to speculate

Which of the following is NOT one of the nonroutine cognitive skills needed today​ (according to Robert​ Reich)?

Abstract reasoning

​__________ is the nonroutine cognitive skill dealing with the ability to make and manipulate models.

Technology skills gap

The current mismatch between​ employers' demand for technical skills and the technical skills available from employees is called the​ __________.

MIS(Management Information Systems)

​__________ is best defined as the management and use of information systems that help organizations achieve their strategies.

IT(Information Technology)

​__________ is an assembly of​ hardware, software,​ data, procedures, and people that produce information.

Organizational environment

Components of an information system consist of all the​ following, EXCEPT​ __________.

Take an active role

Throughout your​ career, you must​ __________ in a​ system's development to create an information system that meets your needs.

Business people are the ones who understand business needs and requirements

The primary reason that business people must be involved in the development of information systems is that​ __________.

Helping people in a business to achieve the goals and objectives of that business

Which of the following is a proper justification for developing an information​ system?

Strong passwords

One vital component of your professional behavior regarding computing systems today is the creation of​ __________.

Hardware and people

The components of the​ five-component model that actually do things are​ __________.

Automated

When a task that had been performed manually by a human is now performed by the computer side of an information​ system, we say the task has been​ __________.

The people were inadequately trained on how to use the new system

A business acquires a new software​ product, installs it on its​ hardware, and converts the data to be processed by the software. The business is unhappy with the performance of the new software product. A common reason for this problem is​ __________.

Consider all five components of the IS

A software vendor pitches a new sales force automation software product to your​ company's VP of Sales and Marketing. Before purchasing such a​ product, it is essential​ to:

Hardware

Which of the components of the​ five-component model is easier to change compared to​ software?

Information

​__________ is defined as knowledge derived from data.

Judgment developed from experience

Which of the following is NOT a generally accepted definition of information?

Competitiveness

To be considered high​ quality, data must have all the following characteristics EXCEPT​ __________.

Is not worth the cost

After an​ analysis, you are told that it will cost​ $100,000 to modify an information system so that it captures several new facts about your customers. Knowing those additional facts will help you to increase sales by an estimated​ $500 per year. You conclude that the information provided by this data is​ __________.

Relevancy

A financial analyst for a real estate investment firm is responsible for evaluating the financing options for potential property acquisitions. The analyst receives a​ 15-page fact report for each proposed acquisition. Within that​ report, the analyst must search in multiple places for the details of the financing options. For the financial​ analyst's purposes, the report is deficient in​ __________.

Computers will support fewer applications and services

Due to the rapid evolution in computing​ technology, all the following changes are expected in​ 2031, EXCEPT​ __________.

Moore’s law

A law, created by Gordon Moore, stating that the number of transistors per square inch on an integrated chip doubles every 18 months

Digital revolution

The conversion from mechanical and analog devices to digital devices

Neilsen’s Law

Network connection speeds for high-end users will increase by 50 percent per year

Systems thinking

The mental activity of making one or more models of the components of a system and connecting the inputs and outputs among those components into a sensible whole, one that explains the phenomenon observed

Collaboration

The activity of two or more people working together to achieve a common goal via iteration

Experimentation

A careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology, and then developing those ideas that seem to have the most promise, consistent with the resources you have

Information System(IS)

A group of hardware, software, data, procedures, and people components that interact to produce information

System

A group of components that interact to achieve some purpose

Five-component framework

Hardware, software, data, procedures, people-present in every information system, form the simplest to the most complex

Computer hardware

Electronic components and related gadgetry that input, process, output, store, and communicate data according to instructions encoded in computer programs or software, computer side

Software

Instructions for computers, computer side

Data

Recorded facts or figures, the “bridge”

Procedures

Instructions for humans, human side

Five forces models

Model, proposed by Michael Porter, that assesses industry characteristics and profitability by means of five competitive forces—bargaining power of suppliers, threat of substitution, bargaining power of customers, rivalry among firms, and threat of new entrants

Bargaining power of customer

Strong force: Toyota purchase auto paint

Weak force: Your power over the procedures on policies of your university

Threat of substitutions

Strong force: Frequent travelers choice of auto rental

Weak force: Cancer patient drugs

Bargaining power of suppliers

Strong force: new car dealers

Weak force: Grain farmers in surplus year

Threat of new entrants

Strong force: corner latte stand

Weak force: Professional football team

Rivalry

Strong force: used car dealers

Weak force: google or bing (expensive to develop and market search engine)