EXAM 1 MIS

What does globalization NOT do?

Increases in transaction costs.

An example of using information systems for supplier intimacy is?

TAL Apparel's information system that helps manage supply chains.

Which business objective does using consumer spending data to determine inventory support?

Customer intimacy.

What are the three activities in an information system that produce information?

Input, processing, and output.

What is the term for converting raw data into a more meaningful form?

Processing.

Who are considered knowledge workers?

Engineers and scientists.

What is a TPS?

Transaction Processing System conducts daily business activities.

What system would be used to change a production schedule if a supplier was late?

Supply Chain Management (SCM) system.

What does an Executive Support System (ESS) support?

Decision-making by senior management.

What feature of law-governed society allows individuals to recover damages?

Due process.

What does the ethical no-free-lunch rule state?

If something created by someone else is useful to you, it has value.

What strategy involves providing a specialized product or service for a narrow target market?

Market niche strategy.

What is mass customization?

The ability to offer individually tailored products or services using the same production resources as mass production.

What is a value web?

A collection of independent firms using IT to coordinate value chains.

What is the ripple effect regarding new information technology?

It raises new ethical, social, and political issues.

What principle suggests putting yourself in the place of others when making decisions?

The Golden Rule.