6. Information management Flashcards

1
Q

Why is information so important within business?

A

It helps businesses to narrow out possible decision that they have to make.

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2
Q

Why does managers use an information system?

A

Helps them to only look at relevant information. Helps them make informed decisions.

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3
Q

Name one benefit of good information management?

A

Help you provide value & lower cost product or service.

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4
Q

Describe the basic functioning of an information system:

A
  1. Describe information system first.

2. Look at the basic components.

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5
Q

Describe information system:

A

The people, procedures and other resources used to collect, transform, and disseminate information in an organisation.

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6
Q

What are the three basic components in an information system:

A
  1. Hardware resources
  2. Software resources
  3. Human resources
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7
Q

What are hardware resources?

A

Physical components of a computer system.

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8
Q

What are software resources?

A

Programs or detailed instructions that operate computers.

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9
Q

What are the human resources in context of information systems?

A

The people required for the operation of an information system.

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10
Q

Name 4 characteristics of useful information:

A
  1. Accurate
  2. Relevant
  3. Sufficient
  4. Timely
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11
Q

Name 5 costs associated with useful information:

A
  1. Obtaining
  2. Processing
  3. Storing
  4. Accessing the stored data.
  5. Transmitting data
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12
Q

What is the main goal of the operational information systems?

A

A system that tracks the day-to-day transactions of an organisation.

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13
Q

What is the main goal of the management information system?

A

Hardware and software that serves as the backbone of an organizations operations.

This information systems helps manager to analyze information and improve decision-making.

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14
Q

What are the four phases to develop an information system?

A
  1. Systems investigation
  2. Systems analysis
  3. Systems design
  4. Systems implementation, maintenance and security
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15
Q

Information systems

What does the system investigation phase entail?

A
  1. Determine the nature and scope of information.

2. Conduct a feasibility study.

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16
Q

Information systems

What does the system analysis phase entail?

A
  1. Understand information requirements.

2. Understand the current system.

17
Q

Information systems

What does the system design phase entail?

A
  1. Designing the logical & physical activities.

2. Implement the proposed system.

18
Q

Information systems

What does the system implementation, maintenance, security phase entail?

A
  1. Maintain and review software.

2. Address any issues.