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COB 204 JMU Test #1 Study Guide Solutions

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COB 204 JMU Test #1 Study Guide Solutions Business professionals need to... - ANSWER--Take active role to ensure systems meet their needs. -Understand how information systems (IS) are constructed. -Consider users' needs during development. -Learn how to use IS. -Don't forget security and back...

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  • October 30, 2024
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COB 204 JMU Test #1 Study Guide

Solutions


Business professionals need to... - ANSWER✔✔--Take active role to ensure systems meet their needs.


-Understand how information systems (IS) are constructed.


-Consider users' needs during development.


-Learn how to use IS.


-Don't forget security and backups.


Information Technology (IT) - ANSWER✔✔--The products, methods, inventions, and standards used for

the purpose of producing information


- components = Hardware + Software + Data


Information System (IS) - ANSWER✔✔-components = Hardware + Software + Data + Procedures + People


Management information systems (MIS) - ANSWER✔✔--The management and use of information

systems that help organizations achieve their strategies




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Difference Between IT and IS - ANSWER✔✔-IS = IT + Procedures + People


The IS Five-Component Model - ANSWER✔✔-


Characteristics of the Five Components - ANSWER✔✔-•Most Important Component - YOU!


-Your cognitive skills determine quality of your thinking, ability to conceive information from data.


-You add value to information and information systems.


•Only humans produce information.


•All components must work together.


Defining Information - ANSWER✔✔-Knowledge derived from data.


Characteristics of Data - ANSWER✔✔-- accurate


- timely


- relevant


- just sufficient


- worth its cost


Goldilocks Principle - ANSWER✔✔-•Right information to the



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FIRST PUBLISH OCTOBER 2024




•Right people at the


•Right time


•For a reasonable cost


The Digital Revolution - ANSWER✔✔--From mechanical/analog devices to digital devices.


Information Age - ANSWER✔✔--Production, distribution, control of information primary economic

drivers.


Five Technology "Laws" - ANSWER✔✔--Bell's, Moore's, Metcalfe's, Neilsen's, & Kryder's


Bell's Law - ANSWER✔✔-- Today's highly successful business could be bankrupt quickly because

technology changed and it didn't.




- "A new computer class forms roughly each decade establishing a new industry."




Implications: Digital devices will evolve so quickly that they will enable new platforms, programming

environments, industries, networks, and information systems every 10 years


Moore's Law - ANSWER✔✔-"The number of transistors per square inch on an integrated chip doubles

every 18 months."

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