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Data consists of facts, while information is data that is processed into something meaningful. (correct) Data is processed, while information is unprocessed. Data is subjective, whereas information is objective. Data is organized, while information is raw. Which of the following is NOT a characteristic of quality data? Timeliness Relevance Accuracy Ambiguity (correct) Which of the following components is essential in an information system? Graphic design software User interface design Data storage (correct) Operating system software What function do hardware components serve in an information system? Enabling data to be stored and retrieved Signup and view all the answers In the context of an information system, what does the term 'knowledge' refer to? Processed information that is understood and used for decision-making Signup and view all the answers What is an example of raw data in a sales context? Individual sales transactions recorded on a specific date Signup and view all the answers Which of the following best represents information in a sales system? Aggregating daily sales to calculate weekly and monthly totals Signup and view all the answers What characteristic is critical for data used in accounting for management of assets? Accuracy and completeness Signup and view all the answers What enables a deeper understanding of sales trends in comparison to just presenting information? Knowledge Signup and view all the answers What consequence can result from inaccurate data within an organization? Loss of potential new customers Signup and view all the answers What is the purpose of a data backup procedure in a Computer-Based Information System (CBIS)? To create regular copies of stored data Signup and view all the answers Which of the following is NOT typically included in the instructions for providing authentication factors? Choosing backup storage locations Signup and view all the answers Which component is crucial for the effectiveness of a data backup procedure? Regular updates of backup software Signup and view all the answers How do additional authentication factors contribute to the security of a CBIS? They require multiple methods to verify identities Signup and view all the answers What might be an example of an additional authentication factor? A secret question Signup and view all the answers Data represents organized and processed information. False Signup and view all the answers Information reveals visible trends in sales patterns by organizing raw data. True Signup and view all the answers Knowledge involves the integration of various sales information to understand trends better. True Signup and view all the answers Accuracy and completeness are not important for data used in accounting. False Signup and view all the answers Inaccurate data can lead to poor decision-making and financial losses. True Signup and view all the answers A computer-based information system (CBIS) consists of hardware, software, databases, networks, people, and procedures. True Signup and view all the answers Good systems can decrease job satisfaction and worker productivity. False Signup and view all the answers User authentication procedures help users log in securely to a system. True Signup and view all the answers Procedures are not necessary when operating a Computer-Based Information System. False Signup and view all the answers Information systems personnel include individuals who maintain the system. True Signup and view all the answers An information system collects, processes, stores, and disseminates data and information. True Signup and view all the answers User feedback is collected to improve system security by tracking unauthorized access attempts. False Signup and view all the answers Error reporting within a system helps identify the root causes of errors. True Signup and view all the answers Feedback mechanisms in information systems do not provide any benefits to system operation. False Signup and view all the answers The main method of collecting user feedback involves system performance reviews. False Signup and view all the answers Data represents organized and processed information. False Signup and view all the answers Inaccurate data can lead to poor decision-making and financial losses. True Signup and view all the answers Good systems can decrease job satisfaction and worker productivity. True Signup and view all the answers Feedback mechanisms in information systems do not provide any benefits to system operation. False Signup and view all the answers User authentication procedures help users log in securely to a system. True Signup and view all the answers Data represents organized and processed information. False Signup and view all the answers An information system collects, processes, stores, and disseminates data and information. True Signup and view all the answers Accuracy and completeness are essential characteristics of quality data. True

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