Information Systems in Organizations Quiz

Data = Raw facts Information = Collection of facts organized in such a way that they have value beyond the facts themselves Knowledge = Awareness and understanding of a set of information Information Systems = Set of interrelated components that collect, manipulate, and forecast data and information and provide feedback to meet an objective

Representatives = Sales systems used by Managers = Sales systems used by Financial advisors = Sales systems used by Developers = Sales systems used by

Information Systems = Indispensable tools to help you achieve your career goals Businesses use of Information Systems = Increase revenues and reduce costs Information as a valuable resource = One of an organization's most valuable resources Relationship between data and information = The type of information created depends on the relationships defined among existing data

<p>IS (Information System) = Set of interrelated components that collect, manipulate, and forecast data and information and provide feedback to meet an objective Process = Set of logically related tasks Objective = Aims or goals to be achieved Value of information = Information organized in such a way that it has value beyond the facts themselves</p> Signup and view all the answers

<p>Data manipulation = Process of rearranging and adding new data to create new information Knowledge creation = Awareness and understanding of a set of information Business impact of Information Systems = Can use information systems to increase revenues and reduce costs Importance of Information Systems in Organizations = Indispensable tools to help you achieve your career goals</p> Signup and view all the answers

<p>A set of interrelated components that collect, manipulate, and forecast data and information and provide feedback to meet an objective.</p> Signup and view all the answers

<p>Businesses can use information systems to increase revenues and reduce costs.</p> Signup and view all the answers

<p>Data is raw facts, while information is a collection of facts organized in such a way that they have value beyond the facts themselves.</p> Signup and view all the answers

<p>Knowledge is the awareness and understanding of a set of information.</p> Signup and view all the answers

<p>The type of information created depends on the relationships defined among existing data by rearranging, adding new, or different data to redefine relationships and create new information.</p> Signup and view all the answers