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Information System Definitions: Input-Process-Output Perspective

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Information System Definitions: Input-Process-Output Perspective

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Questions and Answers

What is the main purpose of an information system in business organizations?

To maximize profit through decision making (correct)

To analyze market trends

To manage human resources

To collect and store data

From a technology perspective, what are the components of an information system?

Inbound logistics, production, outbound logistics

Production, sales, finance, human resources

Hardware, software, database, telecommunication (correct)

Planning, control, coordination, analysis

What does the sales and marketing function in a business organization primarily focus on?

Maximizing profit through production

Finding customers and selling products or services (correct)

Producing goods and services

Managing financial accounts

Which functional area of business is responsible for producing the firm's goods and services?

Manufacturing and production function Signup and view all the answers

What is the main goal of the human resources functional unit in business organizations?

Achieving a common goal by working together Signup and view all the answers

What does the term 'IS' stand for in the context of business organizations?

Information System Signup and view all the answers

What is the primary responsibility of the finance and accounting function in a firm?

Managing the firm's financial assets and maintaining the firm's financial records Signup and view all the answers

What is the role of information systems in enabling new products, services, and business models?

A major enabling tool for new products, services, and business models Signup and view all the answers

What is the main benefit of serving customers well with the help of information systems?

Raises revenues and profits Signup and view all the answers

What is the purpose of Verizon’s Web-based digital dashboard?

To provide managers with real-time data on customer complaints, network performance, line outages, and so on Signup and view all the answers

What is the definition of an information system (IS)?

A set of interrelated components that collect, manipulate, and disseminate data and information and provide feedback to meet an objective Signup and view all the answers

What is the role of the human resource function in a firm?

Attracting and maintaining an appropriate workforce for the firm Signup and view all the answers

What is the benefit of intimacy with suppliers in a business?

Lowering costs by providing vital inputs from suppliers Signup and view all the answers

What is the main purpose of the sales and marketing process in a business?

Identifying and creating markets Signup and view all the answers

How do information systems contribute to improved decision making in businesses?

Without accurate information, managers must use forecasts, best guesses, luck Signup and view all the answers

What is the primary benefit of using information systems in organizations?

Improvement of efficiency to attain higher profitability Signup and view all the answers