10 Questions
What is the main difference between data and information?
Data does not have value beyond the facts themselves, while information does.
Which characteristic of valuable information ensures that it contains all the important facts?
Complete
Who are Knowledge Workers (KWs) according to the text?
Professionals in science, engineering, business, and other fields who create, use, and disseminate knowledge.
What does a Knowledge Management System (KMS) consist of?
Collection of people, procedures, software, databases, and devices
What characterizes reliable information according to the text?
Can be trusted by users
What is the main purpose of valuable information in an organization?
To help perform tasks more efficiently and effectively
Why can inaccurate or incomplete information lead to significant financial losses?
Because it can result in poor decisions that cost thousands or millions of dollars
What role does the feedback mechanism play in an information system?
It monitors and evaluates feedback to make changes to input or processing activities
How does a computerized information system differ from a manual one?
A computerized system uses computers and accounting software for record-keeping
What does a computer-based information system typically consist of?
A combination of hardware, software, databases, people, and procedures
Test your understanding of the concepts of data, information, and knowledge, and how they differ from each other. Explore the process of turning data into valuable information and gaining awareness through knowledge.
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