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Importance of Information Characteristics for Decision Making

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Importance of Information Characteristics for Decision Making

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Questions and Answers

What are the key characteristics that are critical for data used in accounting for the management of company assets?

Relevance and timeliness

Accuracy and completeness (correct)

Consistency and credibility

Efficiency and effectiveness

Which component of an information system is responsible for collecting and capturing raw data?

Output

Feedback

Processing

Input (correct)

What role does the feedback mechanism play in an information system in achieving organizational goals?

Storing information

Initiating data processing

Disseminating data

Monitoring and controlling operations (correct)

What is the function of networks in computer-based information systems?

Connect computers and equipment for electronic communication Signup and view all the answers

Who are defined as end users in computer-based information systems?

People who work with the system to get results Signup and view all the answers

What is the primary role of procedures in computer-based information systems?

Define steps to achieve specific results Signup and view all the answers

What is the primary goal of any organization according to the text?

Providing value to stakeholders Signup and view all the answers

How does the text describe a value chain?

A series of steps in creating a finished product Signup and view all the answers

What does an organization accomplish through structured relationships and defined procedures?

Value addition to products and services Signup and view all the answers

Why is setting and following procedures important in Computer-Based Information Systems (CBIS) according to the text?

To ensure secure operations and maintenance Signup and view all the answers