cbis 2220

Business correct answer: -Trading something of value for something of value -Exchange to gain a monetary gain -Money = a universal payment Corporate Driven Economy correct answer: -Group of people acting as a single entity -Goal: make more money; sell more and reduce costs -Separate legal entity to do business with Automation correct answer: -The use of technology to ease human labor or to extend the mental or physical capabilities of humans. Information and Data correct answer: ...

Information Systems correct answer: A group of components (5 component Framework) that interact to produce information Five Component Framework correct answer: Hardware, Software, Data, Procedures, People Value correct answer: How much you are willing to pay for something Five Primary Activities of the Value Chain correct answer: Aquire, Produce, Ship, Market and Sell, Service Customers Low Cost Leader correct answer: Deliver Product at the lowest cost (Walmart) Innovation L...

Structured Process correct answer: Predefined; Standardized processes that involve day to day operations Dynamic Processes correct answer: Flexible, informal, and adaptive processes Enterprise Processes correct answer: Span an entire organization and support activities in multiple departments Inter-Enterprise Processes correct answer: Supports activities in 2 or more independent organizations Workgroup Processes correct answer: Exists to enable workgroups to fulfill the characte...

what are the 5 components of an information system? correct answer: hardware, software, data, procedures/processes, and people what are a part of IT? correct answer: hardware, software, and data what are the 3 dimensions that work together in an information system? correct answer: people, process, IT what do people do in regards to information systems? correct answer: help support decision making, control, and visualization in an organization what does a process do in regards to ...