Business Functions: Information Management

Question 1

What is information management?

Answer 1

A discipline concerned with arranging data into useful components from which sensible and significant conclusions can be made

Question 2

What is data?

Answer 2

Raw facts about something

Question 3

What is information?

Answer 3

A chain of increasing value

Question 4

What does GIGO mean?

Answer 4

‘Garbage in, garbage out’ means information is only as good as the data used to produce it

Question 5

What are the 2 attributes of a useful information management system?

Answer 5

Feasibility
Ability to meet needs of different users

Question 6

What is PAIA?

Answer 6

Promotion of Access to Information Act

Question 7

What are the 3 types of information systems?

Answer 7

Operational information systems
Manugistics systems
Risk management systems

Question 8

What are the 4 resource classes in the von Neumann information system model?

Answer 8

Hardware resources
Time and money resources
Software resources
Human resources

Question 9

What are the two integration approaches?

Answer 9

Synchronic integration which aims for short-term goals
Diachronic integration which aims for long-term goals