Exam 1 - Notes - Fall 2006 - Cleveland

Exam 1 - Notes - Fall 2006 - Cleveland - MIS 311F A...

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MIS 311F 08/31/06 A. Management Information Systems : an organized collection of people , procedures, databases and devices to provide routine information to managers and decision makers a. Communications skills b. Databases i. Sampling (a few of a whole population) 1. simple random sample 2. stratified 3. cluster 4. hybrid 5. multistage sample ii. a good sample is complete randomness where all people or object gets the same opportunity iii. The candy sample where the TA threw out candies to the class was not a complete random. c. Communication statistics d. Networked Economy (new way to do business) i. Enhanced, transformed, or new economic relationships based on computer networks and human knowledge e. Industrial Economy vs. Networked Economy f. Our Changing World i. Computer networks ii. Internet/World Wide Web 1. Test Question! True or False? Internet and World Wide Web are synonyms a. False! iii. Electronic commerce iv. Networked Economy 1. Enhanced, transformed, or new economic relationships based on computer networks and human knowledge v. Elements of the Networked Economy Economic Relationships Computers Connectivity Knowledge 1. Test Question! Data Processing Information a. _____________ is processed and become _______________. b. Process Information is Data False! vi. Web time – Web year 1. 1 web year = 3 calendar months vii. Purchasing a camera 1. Ownership process changing 2. You buy a camera, use, and then generally sale it on eBay. 3. Before, you buy a camera, use it, and then put it in your closet
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This note was uploaded on 11/29/2010 for the course MIS 311F taught by Professor Cleveland during the Spring '07 term at University of Texas.

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Exam 1 - Notes - Fall 2006 - Cleveland - MIS 311F A...

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