Chapter 1-The Information Age

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

• Data

• Hardware

• Procedures

• Financial assets

What are the main functions of an Information System (IS)?

• Collect, process, store, and disseminate information

• Create, manage, delete, and store data

• Analyze, input, delete, and modify information

• None of the above

What is an example of a virtual organization?

• A local grocery store

• An online business linking customers and suppliers through networks

• A traditional brick-and-mortar retail store

• A company without any digital presence

What are Standard Operating Procedures (SOPs)?

• Formal rules for accomplishing tasks

• Informal guidelines for business processes

• Software applications for data processing

• Hardware components for data storage

Which type of business firm relies on instant information to deliver customized products and services?

• Traditional business firm

• Digital business firm

• Centralized business firm

• Hierarchical business firm

What is one of the key challenges posed by Information Systems to managers?

• Reducing the number of employees

• Ensuring systems are used ethically and socially responsibly

• Increasing manual data entry processes

• Eliminating the use of technology in business

What is a characteristic of a digital firm?

• All business relationships are digitally enabled

• It relies solely on manual processes

• It has a fixed set of standard operating procedures

• It operates without using technology

What are the three basic activities of an Information System?

• Input, storage, output

• Input, processing, output

• Collection, analysis, reporting

• Data entry, storage, analysis

How do Information Systems impact the global economy?

• They reduce the need for exports and imports

• They provide communication and analytical power for global trade

• They eliminate the need for business management

• They only affect local businesses

What is the primary role of feedback in an Information System?

• To correct the input stage

• To increase data storage

• To improve software performance

• To enhance hardware capabilities