Chapter 1-Information Management and Decision Making

What is the primary purpose of an Information System (IS)?

• To store data

• To collect, process, store, and distribute information

• To create new technologies

• To replace human workers

What is the difference between data and information?

• Data is summarized information

• Information is raw facts

• Data is raw facts; information is data shaped into meaningful form

• Data and information are the same

Which of the following is NOT a component of an Information System?

• Data

• Hardware

• Environment

• Procedures

What are the three main activities of an Information System?

• Input, Storage, Output

• Input, Processing, Output

• Collection, Distribution, Storage

• Processing, Distribution, Storage

In the context of decision-making, what does an unstructured decision involve?

• Routine and repetitive decisions

• Non-routine and infrequent decisions

• Decisions based on well-defined procedures

• Decisions with predictable outcomes

What is an example of a structured decision?

• Launching a new product

• Hiring a new employee

• Determining daily sales figures

• Developing a marketing strategy

What are the stages of Simon's Decision Making Model?

• Planning, Organizing, Leading, Controlling

• Identifying, Analyzing, Implementing, Reviewing

• Collecting information, Developing solutions, Selecting the best solution, Implementing and monitoring

• Input, Processing, Output, Feedback

What does MIS stand for?

• Management Information System

• Marketing Information System

• Managerial Information System

• Machine Information System

Which system is designed to support the decision-making needs of senior management?

• Transaction Processing System (TPS)

• Management Information System (MIS)

• Decision Support System (DSS)

• Executive Support System (ESS)

What role does a Chief Information Officer (CIO) typically play in an organization?

• Managing day-to-day transactions

• Overseeing the company's information technology strategy

• Developing new products

• Handling customer service inquiries