Management Information System (MIS) Practice Exam

Which concept allows individuals to create their own supply chain of information?

1. Offshoring

2. In-forming

3. In-sourcing

4. Exporting

The correct answer is: In-forming

The concept that allows individuals to create their own supply chain of information is "in-forming." This term refers to the ability to gather, manage, and distribute information seamlessly and effectively, enabling individuals or organizations to create their own networks of information tailored to their specific needs and preferences. In a world empowered by technology, "in-forming" emphasizes the process of turning data into actionable insights, allowing individuals not only to access vast amounts of information but also to filter and personalize it according to their particular interests. This facilitates a more engaged and informed decision-making process, essentially allowing users to "build" their information supply chains by combining various data sources that are most relevant to them. The other concepts mentioned—offshoring, in-sourcing, and exporting—focus more on the management of physical goods and services across borders or within organizations, rather than the personal curation of information. Offshoring involves relocating business processes to another country, while in-sourcing refers to bringing processes back in-house. Exporting is about selling goods or services to foreign markets. These concepts do not directly pertain to the individual's empowerment in managing their own flow of information.