Decision Making-LO1 Quiz

What is a system?

• A set of interrelated elements working to achieve a common objective

• A random collection of unrelated components

• Only computer hardware and software combined

• A single element functioning independently

Which of the following best defines an information system?

• A. A group of components working together to collect, process, and manage data

• B. Just a database storing company information

• C. Only the IT department of an organization

• D. A system that only stores data

What are the five main components of a system?

• Input, process, output, feedback, control

• Data, software, hardware, network, users

• Collection, storage, analysis, reporting, communication

• People, policies, rules, regulations, environment

Which of these is NOT a characteristic of information systems?

• Creation of business strategy

• They consist of software programs

• They have resources and boundaries

• They require feedback for quality control

What function do information systems serve in organizations?

• Forecasting, planning, control, coordination, decision making

• Only managing emails and documents

• Tracking employee attendance only

• Managing payroll exclusively

What type of decision is reordering inventory considered?

• Operational level decision

• Managerial level decision

• Strategic level decision

• Financial level decision

What characterizes managerial level decisions?

• Semi-structured, medium-term, mid-level management

• Highly unstructured, long-term, top management

• Structured, routine, operational staff

• Random decisions without guidelines

Which decision level involves the organization’s higher planning and overall goals?

• Strategic level decision

• Operational level decision

• Managerial level decision

• Tactical level decision

What kind of decisions are called unstructured decisions?

• A. Strategic, long-term, with no predefined procedures

• B. Routine, repetitive operational decisions

• C. Semi-structured, managerial decisions

• D. Short-term inventory decisions

What does TPS stand for in information systems?

• Transaction Processing System

• Total Planning System

• Technical Processing Software

• Tactical Planning Solution