WGU C724 Information Systems Management Pre
assessment Questions and Answers Latest Updated
2024, 100% Verifed Answers Assured Success A+
Decision Support Systems (DDS) -✅✅✅Focus on supporting all phases of specific
decision-making processes and procedures for arriving at a solution. Support the entire
decision-making process, but the actual decision is ultimately made by a human.
2. Executive information system (EIS) -✅✅✅A specific class of DSS that support the
strategic decision-making process of top-level executives. These systems incorporate
summarized information from decision support systems and management information
systems, along with external factors to forecast and analyze trends.
3. Management Information Systems (MIS) -✅✅✅A category of information systems
that serve lower to middle managers. Provide performance reports based on the results
from transaction processing systems, such as product cost data, sales data, and expense
data.
4. Transaction Processing System (TPS) -✅✅✅Collect, store, update, and retrieve
transaction data within an organization. Common business transactions include
employee payroll, customer sales, and supplier payments.
5. Information Systems -✅✅✅Consists of all the components that work together to
process data into useful information.
6. The 6 components of IS -✅✅✅Hardware, Software, Data, Networks, People, &
Processes.
7. Porters 5 Forces -✅✅✅*Rivalry among competitors;
8. *Threat of new entrants;
9. *Threat of substitute products;
10. *Bargaining power of buyers;
11. *Bargaining power of suppliers;
WGU C724 Information Systems Management Pre
assessment Questions and Answers Latest Updated
2024, 100% Verifed Answers Assured Success A+…
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12. Network Economics -✅✅✅Marginal costs of adding another participant are near
zero, whereas marginal gain is much larger
13. Customer Relationship Management (CRM
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