If sales of your products declined in a specific region of the country, which of the following types of systems would best help discover that? ANSWER: Management Information System (MIS) *Not predicting, it’s known we know something has declined already. MIS is report and known *TPS transaction processing systems related to any kind of payment, scanning barcodes, making a payment, scanning items, credit card *DSS decision support system - forecast, predict, what if, unknown *Executive support system (ESS) - high-level reporting, unstructured, rare, introducing new product, entering new city, country, line of business, dashboard *KMS Knowledge Management System - expert system, capture tacit knowledge (can be ESS) Which system is typically a major source of data for other systems ANSWER: TPS transaction processing systems Which type of information system would you use to forecast the return on investment if your firm planned to switch to a new supplier that offered products at a lower cost? Answer: DSS decision support system A(n) system collects data from various key business processes and stores the data in a single, comprehensive data repository, usable by other parts of the business (single choice) ANSWER: Enterprise system Which of the following types of system enables management to make better decisions regarding their suppliers? (single choice) Answer: SCM supply chain management system During which era were we finally able to share data between computers separated by large geographical distances Answer: Enterprise computing - integration of internet, emails *Cloud and mobile computing - scalability You are looking to update a new laptop while browsing for options, you notice that the processing power of most available machines within your price range is twice the processing power of the last laptop you bought two years ago. The observation is codified in which law? Answer: Moore’s law Which type of infrastructure service stores and manages corporate data and provides capabilities for analyzing the data Answer: data management While trying to budget for your organization's IT investments, you realize that the cost will extend beyond hardware and software to include many indirect and recurring costs. This is referred to as: ANSWER: Total cost of ownership Pick the best option based on the scenario In our organization, we need to obtain online answers to ad-hoc questions in a rapid amount of time. Which one of the following tools will be helpful? Answer: OLAP What would be an example of a complementary asset when discussing information systems investments? Answer: Training employees to use the new system *Complementary asset support *social networking is not a complementary asset The sales manager at BestBuy enjoys reading the weekly sales report. How would you describe her Answer: She is a casual user Of BI looking at production reports Controlling overproduction is part of Answer: Improved decision making Which of the following constitutes a managerial challenge to working remotely from home during the covid pandemic Answer: deciding which of your team members has to work from office Organizational: redesigning business processes so they can be performed remotely Technological: acquiring a sufficient server capacity for online video meetings technological Which of the following associations in data mining? d) product X is often bought with product y _______ are/is shared and encrypted way to store data for digital currencies as bitcoin ANSWER: block chain As marketing manager of a large national company, you woud like to classify your customers into groups depending on their spending habits. This is an example of: Answer: Business analytics. - data mining classification clustering Which of the following questions might be answered by the DSS system? ANSWER: WHAT IS THE BEST TRUCKING ROUTE FOR PRODUCT DELIVERY What will be Inflation rate next year? expert system How do sales this year compare to last year? MIS Six strategic objectives (chapter 1)