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Questions and Answers
Information and data are often used interchangeably in organizations.
Information and data are often used interchangeably in organizations.
False (B)
Knowledge is the awareness and understanding of a set of information and the ways it can be made useful to support a task.
Knowledge is the awareness and understanding of a set of information and the ways it can be made useful to support a task.
True (A)
If an organization's information is not accurate or complete, it does not have any impact on decision-making.
If an organization's information is not accurate or complete, it does not have any impact on decision-making.
False (B)
The components of a system include inputs, processing mechanisms, and outputs.
The components of a system include inputs, processing mechanisms, and outputs.
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A system is a set of unrelated components that do not interact to accomplish goals.
A system is a set of unrelated components that do not interact to accomplish goals.
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Study Notes
Information vs. Data
- Information and data are frequently used as synonyms in organizational contexts.
- Understanding the distinctions is crucial for effective communication and analysis.
Definition of Knowledge
- Knowledge encompasses awareness and understanding of information.
- It involves recognizing how to apply information effectively to support specific tasks.
Importance of Accurate Information
- Decisions are significantly affected by the accuracy and completeness of information.
- Inaccurate or incomplete information renders decision-making ineffective.
Components of a System
- A system consists of three primary components:
- Inputs, which are the raw data fed into the system.
- Processing mechanisms, which transform inputs into usable information.
- Outputs, which are the final results that support decision-making.
Characteristics of Systems
- A proper system consists of interacting components that work collectively towards common goals.
- Merely having unrelated components does not constitute a functional system, as they fail to interact effectively.
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