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Questions and Answers
Which of the following is NOT considered an external factor influencing business?
What technological advancement has significantly influenced the growth of new industries?
How has scanner technology impacted product management?
Which of the following technologies is credited with reshaping existing business operations?
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What effect has the miniaturization of electronic components had on technology?
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What primary role does a systems analyst fulfill within an organization?
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Which of the following components is NOT part of an information system?
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How does a systems analyst typically communicate with managers and users?
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What characterizes a mission-critical system?
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In the context of hardware, what does Moore's Law describe?
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Which task is NOT typically performed by a systems analyst?
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What is the definition of data within an information system?
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What is a data center primarily characterized by?
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What aspects should be considered when determining if the new system will impact user demands?
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What potential consequence should be evaluated regarding customers and the new system?
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Which consideration is important when assessing risks to a company's image with a new system?
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What ethical consideration might arise during the implementation of the new system?
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When evaluating the overall gain to an organization from the new system, what should be compared?
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What is the primary function of a systems request form in companies?
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Who typically examines a received systems request form?
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What happens after a systems request form is evaluated?
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In what scenario is an immediate response required from an IT maintenance team?
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What is one of the first steps taken when a systems request form is submitted?
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What is the purpose of conducting a review after restoring a mission-critical system?
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How do most companies typically handle the submission of systems request forms?
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What does a systems request form indicate alongside the necessary information?
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What can trigger requests for systems projects?
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What does a focus on day-to-day problems in older systems often lead to?
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What characterizes legacy systems?
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What aspect of company finances can affect systems projects?
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What is a potential situation when a company is financially successful?
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What must be considered when migrating to a new system?
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How can excessive focus on immediate issues affect long-term system viability?
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What is a consequence of treating an information system as a patchwork of corrections?
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Study Notes
Existing Systems and Data
- Errors in older systems often lead to requests for new projects.
- Analysts may focus excessively on short-term issues, neglecting root causes.
- Legacy systems can become a disjointed mix of fixes that fail to meet business needs.
- Data migration is critical when transitioning to a new system.
Company Finances
- A company's financial health directly impacts project timelines; tight budgets may delay system projects.
- Success encourages project initiation due to available funding.
- Systems analysts must balance technical skills with business understanding to translate requirements into IT projects.
- Analysts often work within the IT department but can also be aligned with specific areas like marketing or accounting for better communication.
Information Systems
- A system is a collection of components that work together to produce specific outcomes.
- Mission-critical systems are essential for business operations; examples include order processing systems.
- Data serves as the raw material for systems, while information is processed data that provides value to users.
- Information systems consist of five key components: hardware, software, data, processes, and people.
Hardware
- Hardware includes the physical elements of an information system such as servers, workstations, and networking equipment.
- A data center is a large group of networked computers functioning together.
- Rapid technological advancement presents diverse choices for hardware procurement.
External Factors
- External influences on systems include technology trends, supplier reliability, customer expectations, competition, economic conditions, and government regulations.
Technology
- Advancements in technology significantly impact both business operations and societal trends.
- The growth of telecommunications and computing power has led to the rise of new industries and products, like smartphones and apps.
- Scanner technology has enabled universal barcoding, affecting product logistics and inventory management.
- Online systems facilitate the electronic submission of user requests, streamlining the processing of system requests.
Systems Requests Processing
- Requests are reviewed by systems analysts or IT managers to evaluate required resources.
- A committee decides whether to initiate a preliminary investigation based on the request.
- Immediate responses are necessary for issues affecting mission-critical systems; restoration of normal operations is prioritized.
- Analysts assess potential impacts of new systems on users, customers, and organizational risk areas, such as legal or ethical considerations.
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Description
This quiz focuses on the relationship between information systems and company finances. It covers the challenges posed by legacy systems, the importance of data migration, and how financial health impacts project execution. Test your knowledge on systems analysis, budgeting, and effective communication within departments.
