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), ______ .
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-
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)...
_________ data helps to monitor and fine-tune business processes
BI can help businesses react better to various threats and opportunities, including: (6)
BI also involves ________ Planning at all levels of the business.
collections of related data organized in a way that facilitates data searches, mining, storage, & organization.
Main Database Elements/Components (4)
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:
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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- Submitted On 05 Aug, 2015 07:39:57