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Questions and Answers
What is an information system?
Interrelated components that manage information to support decision making and control, help with analysis, visualization, and product creation.
The streams of raw facts are known as ______.
data
Information is data shaped into a meaningful, useful form, often referred to as ______.
information
Which of the following are activities in an information system that produce information? (Select all that apply)
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The output of an information system is used to evaluate the performance of organizational members.
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What are complementary assets?
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What types of technology are included in information technology? (Select all that apply)
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Study Notes
Information Systems
- An information system is a collection of interconnected components that manage data to aid decision making, control, analysis, visualization, and product creation.
- Data is raw facts, while information is data transformed into meaningful, useful form.
Information System Activities
- Information systems involve input, processing, output, and feedback activities.
- Feedback loops return output to relevant organizational members for evaluation.
- While computers and software are the technical foundation of information systems, they are tools like materials used to build a house, not the whole system.
Dimensions of Information Systems
- Organizations: Business functions (sales, HR, finance, manufacturing), unique processes, culture, and organizational politics.
- Management: Sets organizational strategy to address business challenges, fosters creativity for new products/services, and can even re-create the organization.
- Information Technology: Computer hardware and software, data management, networking (including the Internet, intranets, extranets, WWW).
Business Perspective on Information Systems
- Information technology alone doesn't guarantee successful business returns.
- Firm performance depends on complementary assets, like the right business model, and investment in organizational and management capital.
Complementary Assets
- Complementary assets are required to maximize value gained from a primary investment.
- Firms that support technology investments with complementary assets see superior returns.
- Examples of organizational assets: appropriate business models, efficient processes.
- ** Examples of managerial assets:** incentives for innovation, teamwork, and collaborative work environments.
- Examples of social assets: internet and telecommunications infrastructure, technology standards.
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Description
Explore the fundamental concepts of Information Systems, including components, activities, and organizational dimensions. Understand how data is transformed into information and the crucial role of feedback in decision-making processes. This quiz will help you grasp the influence of management and technology on effective information systems.
