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ISQS Exam 1 (Texas Tech, Delgadillo) | 100 Questions and Answers
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ISQS Exam 1 (Texas Tech, Delgadillo) | 100 Questions and Answers
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ISQS Exam 1 (Texas Tech, Delgadillo) | 100Questions and Answers
Data - ANSWER Raw facts
Information - ANSWER The meaningful interpretation of data that enables us
to make decisions.
What makes data = information? - ANSWER It's usefulness!
Characteristics of good information - ANSWER Accurate, complete,
economical, flexible, reliable, relevant, simple, timely, verifiable.
System - ANSWER An organized collection of interrelated parts that work
together to achieve a common purpose.
What do systems have? - ANSWER Inputs,
procession mechanism,
outputs,
feedback,
control.
Subsystem - ANSWER (Of a system) University -> Business school -> Marketing.
Simple vs. Complex System - ANSWER Simple- Very few elements &
components, relationship is simple.
,Complex- A system filled with many simple systems.
A collection of simple systems is better than one, large complex system.
Open vs. Closed System - ANSWER Open- Everyone can use, don't have to have
control of market (interact with other systems)
Closed- Exclusive, not adoptable; only if you have control of market (no
interaction)
Information Technology - ANSWER Refers to the method, techniques and tools
that are used as means to bring about computer-based information systems.
Information System - ANSWER Is a set of interrelated components
that collect (input), manipulate and
store (processing), and disseminate
(output) data and information as well
as a feedback mechanism.
What is input and processing? - ANSWER Input - is the activity of capturing
and gathering raw data.
Processing - involves converting or
transforming raw data into useful
, output.
Output - ANSWER Involves producing useful
information, usually in the form of
documents and reports.
Feedback - ANSWER Is output that is used to make
adjustments or changes to input or
processing activities.
Control - ANSWER Involves monitoring and
evaluating feedback.
Computer Based Information System - ANSWER is an Information System that
uses computer systems, devices, and technology.
Computer-Based IS Components?! - ANSWER Hardware, Database, Networks,
Procedures
***Software, People = KEY!!!!***
Comparative Advantage - ANSWER Is a significant and long-term benefit to a
company in relation to the competition (innovative thinking, IDEAS!!)
Competing with Information
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