Business Information Management

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Questions and Answers

Which of the following best defines the difference between data and information?

Data is always numerical, whereas information can only be textual.
Information is raw input whereas data is the outcome after processing.
Data is collected from users while information is solely generated by machines.
Data refers to unprocessed facts, while information is processed data that is meaningful. (correct)

What is the primary focus of Creative Destruction in relation to technology?

Maintaining a balance between old and new technologies.
The process by which new innovations replace outdated technologies. (correct)
Improving current technologies without disrupting existing markets.
Creating an environment where technology remains static.

Which of the following is NOT a component of an Information Management System (MIS)?

Hardware Infrastructure
Data Processing
Social Media Engagement (correct)
User Interface Design

Which of the following statements accurately distinguishes between PaaS and SaaS?

PaaS provides a platform for building applications, while SaaS delivers software applications over the internet. (A) Signup and view all the answers

What is the limitation of Moore's Law as it pertains to technological advancements?

It suggests that performance improvements can only happen in hardware. (A) Signup and view all the answers

Which of the following accurately describes Metcalfe's Law?

Value of a network is proportional to the square of the number of connected users. (A) Signup and view all the answers

Which type of information system focuses primarily on strategic management within an organization?

Executive Information System (EIS) (B) Signup and view all the answers

What distinguishes RAM from ROM in computer memory?

RAM is volatile memory, while ROM is non-volatile memory. (C) Signup and view all the answers

Which of the following models best represents the relationship between data, information, knowledge, and wisdom?

Knowledge consists of combined information and experience leading to wisdom. (A) Signup and view all the answers

Which of the following statements best describes the purpose of cloud computing services?

To provide a scalable platform for data storage, processing, and software deployment. (B) Signup and view all the answers

Flashcards

Moore's Law

The concept that technological advancements, particularly in computing power, double roughly every two years. It drives rapid growth in processing speeds and data storage capacity.

Metcalfe's Law

Describes the effect of network value increasing proportionally to the square of the number of users. More users attract more users, creating a positive feedback loop.

Digitization

The process of converting physical information (like documents or images) into digital formats. It allows for easier storage, transmission, and manipulation.

Disruptive Technology

The introduction of a new technology that disrupts an existing market or industry, often leading to the decline or replacement of established players. Examples include online retailers disrupting brick-and-mortar stores or smartphones replacing traditional cell phones.

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Evolution of IT Infrastructure

A model of IT infrastructure evolution, suggesting a progression from simple mainframe systems to distributed client-server architectures, then cloud computing, and eventually to the Internet of Things.

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Creative Destruction

The destruction of an existing market or industry by a new technology, often leading to new opportunities and economic growth. Think of how online music streaming disrupted the CD industry.

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Database Hierarchy

A hierarchical structure that organizes data in a database. It involves fields representing individual data points, records grouping related fields, and tables holding numerous records. Think of a spreadsheet with columns for data fields, rows for individual entries, and the entire sheet as a table.

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Study Notes