Introduction to Information Management in Businesses

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12 Questions

Enterprises invest in information technology as they have proven to deliver an economic value to the ______

business

If information presents value, it can be considered an ______

asset

Information can be an asset or a liability, depending on the adopted information strategy or ______ factors

external

Storing too much or too little information could cause an adverse effect on a ______

business

Sales information is an obvious asset for decision making and business growth, however storing information without proper analysis turns into a ______

liability

Information Management - Is the collection and management of information from one or more sources and the distribution of that information to one or more ______

audiences

Raw, unprocessed streams of facts are usually referred to as ______

data

Data that have been organized so that they have meaning and value to the recipient is called ______

information

The difference between data and information is determined mainly by how they are used in a business ______

context

When individual data entries are processed, some utility value or meaning is added to raw data to transform it into business ______

information

Businesses collect and store all sorts of ______, whether they are necessary facts about their daily operations, customers, or products

data

An individual entry on a sales receipt does not become 'informative' to the business unless it has a purpose or a ______

meaning

Learn about the importance of information as a valuable asset in businesses and its role in day-to-day operations and decision-making. Explore how enterprises invest in information technology to drive economic value. Understand how information is a critical element in modern business functions.

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