Introduction to Information Systems in Organizations
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Questions and Answers

What is the difference between data and information?

  • Data is a collection of facts, while information is a set of interrelated components
  • Data is raw facts, while information is a collection of facts organized in such a way that they have value beyond the facts themselves (correct)
  • Data has value beyond the facts themselves, while information is raw facts
  • Data is organized facts, while information is raw facts

What does knowledge refer to in the context of data, information, and knowledge?

  • Collection of facts organized in such a way that they have value beyond the facts themselves
  • Awareness and understanding of a set of information (correct)
  • Raw facts organized in such a way that they have value beyond the facts themselves
  • Set of interrelated components that collect, manipulate, and forecast data and information

What is the main function of an Information System (IS) in an organization?

  • To provide feedback to meet an objective (correct)
  • To increase revenues and reduce costs
  • To forecast data and information
  • To collect and manipulate data

What is the role of information systems in increasing revenues and reducing costs for businesses?

<p>To create new layouts by rearranging existing data (A)</p> Signup and view all the answers

What is the significance of rearranging existing data in creating new information?

<p>It results in awareness and understanding of a set of information (A)</p> Signup and view all the answers

What does the term 'information' represent in an organization?

<p>One of an organization's most valuable resources (C)</p> Signup and view all the answers

What can adding new pieces to a track do?

<p>Increase the value, variety, and fun of the final product (B)</p> Signup and view all the answers

How can a sales manager use specific product data?

<p>To create monthly sales information organized by product line (A)</p> Signup and view all the answers

What is a product line?

<p>A group of related products under a single brand name sold by the same company (C)</p> Signup and view all the answers

Why is accurate and complete information important in an organization?

<p>People can make poor decisions, costing thousands, or even millions, of dollars (D)</p> Signup and view all the answers

What is the value of valuable information in an organization?

<p>It helps decision makers achieve their organization’s goals (B)</p> Signup and view all the answers

What does an Information System (IS) do with data and information?

<p>Collect, manipulate, store, and disseminate data and information (A)</p> Signup and view all the answers

What does the processing phase of an Information System involve?

<p>Converting data into useful outputs (A)</p> Signup and view all the answers

What can be a characteristic of an information system?

<p>Manual or computerized (C)</p> Signup and view all the answers

What does a computer-based information system consist of?

<p>A single set of hardware, software, databases, telecommunications, people, and procedures (C)</p> Signup and view all the answers

What does technology infrastructure include?

<p>All hardware, software, databases, telecommunications, people, and procedures configured to collect, manipulate, store, and process data into information (B)</p> Signup and view all the answers

What is the role of information systems in organizations in increasing revenues and reducing costs?

<p>Information systems in organizations can be used to increase revenues and reduce costs.</p> Signup and view all the answers

What is the difference between data and information?

<p>Data refers to 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

What does the term 'knowledge' refer to in the context of data, information, and knowledge?

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

What is the main function of an Information System (IS) in an organization?

<p>The main function of an Information System in an organization is to collect, manipulate, forecast data and provide feedback to meet an objective.</p> Signup and view all the answers

Why is accurate and complete information important in an organization?

<p>Accurate and complete information is important in an organization for making informed decisions and gaining a competitive edge.</p> Signup and view all the answers

What can be a characteristic of an information system?

<p>One of the characteristics of an information system is that it is a set of interrelated components that collect, manipulate, and forecast data and information.</p> Signup and view all the answers

How can adding new pieces to a track increase the value of the final product?

<p>By creating a more elaborate railroad layout.</p> Signup and view all the answers

How can a sales manager use specific product data?

<p>To create monthly sales information organized by product line and determine which product lines are the most popular and profitable.</p> Signup and view all the answers

What is a product line?

<p>A group of related products all marketed under a single brand name that is sold by the same company.</p> Signup and view all the answers

What are the characteristics of valuable information?

<p>Accurate, complete, and directly linked to helping decision makers achieve their organization’s goals.</p> Signup and view all the answers

What is the main function of an Information System (IS) in an organization?

<p>To collect, manipulate, store, and process data into information.</p> Signup and view all the answers

What does a computer-based information system consist of?

<p>A single set of hardware, software, databases, telecommunications, people, and procedures.</p> Signup and view all the answers

What does technology infrastructure include?

<p>All hardware, software, databases, telecommunications, people, and procedures configured to collect, manipulate, store, and process data into information.</p> Signup and view all the answers

What is the role of feedback in an Information System?

<p>It is used to make changes to input or processing activities.</p> Signup and view all the answers

What are the input and processing phases of an Information System?

<p>Input involves gathering and capturing raw data, while processing involves converting data into useful outputs.</p> Signup and view all the answers

What can a manual information system involve?

<p>Manually drawing charts and trend lines to assist in making investment decisions.</p> Signup and view all the answers

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