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MIS 2101- Spring 2015 Final Exam

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MIS 2101- Spring 2015 Final Exam

 

Strategies for presenting a Business Case (3 F's)

 



A salary for an employee is a (tangible or intangible), ______ cost.

 



An installation fee is a (tangible or intangible), ______ cost.

 



An Increase in revenue is a (tangible or intangible), ______ .

 



Improved customer perception of your firm is an (tangible or intangible), ______ .

 



Break-Even' analysis

where the tangible benefits = the tangible costs



__________ benefits and costs don't usually play in with Break-Even analysis

 



(the strategies for improving inventory management)

- Companies implement strategies like 'Just-In-Time' inventory management systems to ...

significantly reduce the amount of inventory needed on hand.



-"Customer-Managed" systems, reduce the...

costs involved in administering & managing inventory.



The part of business that focuses on hardware and software used to keep everything running smoothly, and to support the business activity-

Infrastructure



This involves critically examining and re-thinking our current business processes in order to achieve dramatic improvements in performance; this process is known as

 



A retailer who has decided to use a low-price strategy to compete and gain market share, will focus on their _______ to dis-intermediate the middle-men and wholesalers to reduce their product costs and increase profit.

"supply chain efficiency"



The strategy of providing web-based systems and interfaces that can provide consumers with product information, sales order status, customer support information, problem & issue resolution, etc., at any time, any place, from any device

)



_________ is the use of information systems to gather and analyze information from internal and external sources in order to make better business decisions.

Business Intelligence (BI)



BI is used to integrate data from disconnected, non-integrated sources such as (3)...

Reports



_________ data helps to monitor and fine-tune business processes

Integrated data



BI can help businesses react better to various threats and opportunities, including: (6)

-Unstable markets
 



BI also involves ________ Planning at all levels of the business.

Continuous Planning



Databases

collections of related data organized in a way that facilitates data searches, mining, storage, & organization.



Main Database Elements/Components (4)

 

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Database element: Entity

something you can collect data about, such as people or classes



Database element: Table

contains entities. Consists of rows and Columns



Database element: Row (record)

a record in a table. One row pertains to one entity instance



Database element: Column (attribute)

one cell in a row. Each attribute contains a piece of information about the entity.



Most common ways to query a database:

 

Query

a command for retrieving specified information from a database



Structured Query Language (SQL)—

the most common language for querying databases



Query by example (QBE)—

a simpler query interface using graphical drag-and-drop features; newer and easier way to query databases; no programming skills needed.



Online Transaction Processing (OLTP)

-IT systems used to process customer transactions: e.g. orders, deliveries, invoicing, payments, etc.

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[Solved] MIS 2101- Spring 2015 Final Exam

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  • Submitted On 05 Aug, 2015 07:39:57
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MIS 2101- Spring 2015 Final Exam Strategies for presenting a Business Case (3 F's)  A salary for an employee is a (tangible or intangible), ______ cost.  An installation fee is a (tangible or intangible), ______ cost.  An Increase in revenue is a (tangible or intangible), ______ .  Improved customer perception of your firm is an (tangible or intangible), ______ .  Break-Even' analysis where the tangible benefits = the tangible costs  __________ benefits and costs don't usually play in with Break-Even analysis  (the strategies for improving inventory management) - Companies implement strategies like 'Just-In-Time' inventory management systems to ... significantly reduce the amount of inventory needed on hand.  -"Customer-Managed" systems, reduce the... costs involved in a...
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MIS 2101- Spring 2015 Final Exam

MIS 2101- Spring 2015 Final Exam Strategies for presenting a Business Case (3 F's)  A salary for an employee is a (tangible or intangible), ______ cost.  An installation fee is a (tangible or inta...

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