BAC 416 Accounting Information System Chapter 1 Multiple choice 1. The flow and level of detail of information operations management, as internal user of information is a. horizontal b. vertical downward c. vertical (upward & downward) d. vertical upward 2. An example of information exchanges with financial institutions, as an external stakeholder, is a. stock transaction information c. inventory receipts information b. sales & billing information
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Attempt any five questions. (a) (b) List and describe any four reasons why information systems are so (8) important for business today? (4) Differentiate the following with an example: (i) Data and Information (ii) Information and knowledge (a) Explain the following decision making situation in intelligence, design and choice phase as developed in the SIMON MODEL: (6) (i) Marketing a new product (ii) Appointing a Finance Manager (iii) Purchase of Equipment (b) 02. Differentiate
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Introduction to Business Information Systems Assignment 1 Table of Contents Part A 1. Describe the information age and the differences between data, information, business intelligence and knowledge…………………. Page 1 2. Explain systems thinking and how management information systems (MIS) enable business communications…………………………….. Page 2 3. Describe three Business 2.0 tools for collaborating………………... Page 2 4. Characterise and explain the importance of decision-making
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1. Explain the difference and the relationship between information technology (IT) and information systems (IS). Information Technology and Information Systems work hand in hand in many business scenarios, although they are not the same. Information Technology (IT) refers to the technological side of an organization, but is not limited to communications. The IT department is the division of engineering that deals with the use of computers and telecommunications to get, transmit, and store information
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3 Creative Business Ideas and Marketing Plan Uber: - Uber Technologies is an American International transportation company founded in the year 2009. As it’s a major creative business idea across the globe within a span of six years, uber entourage it’s services to 58 countries and 300 cities worldwide. Uber has set a trend for transportation and made several other companies to copy its business model and created business idea referred to as “Uberification”. Uber is now one of major trending creative
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INFORMATION SYSTEMS: BUSINESS DRIVEN mis INFORMATION IS EVERYWHERE. INFORMATION IS A STRATEGIC ASSET. WITHOUT INFORMATION, AN ORGANIZATION SIMPLY COULD NOT OPERATE. THIS CHAPTER INTRODUCES STUDENTS TO SEVERAL CORE BUSINESS STRATEGIES THAT FOCUS ON USING INFORMATION TO GAIN A COMPETITIVE ADVANTAGE, INCLUDING: • The core drivers of the information age • Data, information, business intelligence, knowledge • Systems thinking • Competitive advantages • Porter’s Five Forces model • Porter’s three
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activities of managers and management decision making? Information systems can assist in making decisions by providing information and tools for analysis. To manage situations effieciently and effectively, organiztions use Management Information Systems, MIS, to process information. Individuals, technology, and informationManagement information systems involve three primary resources people, technology, and information. Management information systems are distinct from other information systems in that
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Wash System is a company based out of Troy and Grand Rapids, MI that supplies and distributes and maintains Hanna Carwash System. Hanna is corporately owned and licenses off their products to companies like Mechanical Wash Systems. Hanna is a corporate company that is ran by their CEO Jim Perris that is based out of Portland Oregon that designs and builds all of the cash washes and products. Mechanical Wash System is a private business owned by Chris Davis. Mechanical Wash System is in charge of
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Learning Outcomes Week 2 INFORMATION SYSTEMS IN BUSINESS 1. Describe the information age and differences among data, information, business intelligence and knowledge. Information age: Infinite numbers of facts are widely available to anyone who can use a computer. Data: raw facts that describe the characteristics of an event or object. Information: data converted into a meaningful and useful context. Business intelligence: information collected from multiple source, such as suppliers
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