Midterm for Information System

3684 WordsNov 17, 201215 Pages
MIS EXAM - QUESTIONS 1) Developing a new product, fulfilling an order, and hiring a new employee are examples of business processes. Answer: True False 2) A fully digital firm produces only digital goods or services. Answer: True False 3) A business model describes how a company produces, delivers, and sells a product or service to create wealth. Answer: True False 4) Information technology (IT) consists of all the hardware that a firm needs to use in order to achieve its business objectives, whereas information systems consist of all the software and business processes needed. Answer: True False 5) Computers are only part of an information system. Answer: True…show more content…
Answer: True False 27) You would use an MIS to help decide whether to introduce a new product line. Answer: True False 28) Transaction processing systems are most commonly used by the senior management level of an organization. Answer: True False 29) A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. Answer: True False 30) Management information systems typically support nonroutine decision making. Answer: True False 31) Functional systems that support business processes within a single functional group, such as human resources, are being phased out in favor of cross-functional systems. Answer: True False 32) Managers need TPSs to monitor the status of internal operations and the firm's relations with the external environment. Answer: True False 33) Decision-support systems help managers make decisions that are unique, rapidly changing, and not easily specified in advance. Answer: True False 34) Decision-support systems use internal information as well as information from external sources. Answer: True
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