Chapter 1

Question 1

What is the point of IS?

Answer 1

Collects, stores, and processes data

Question 2

5 components that make IS

Answer 2

Hardware
Software
Data
People
Process

Question 3

What is the point of IT?

Answer 3

IT gives an advantage and always supports the business

Question 4

Information Literacy?

Answer 4

Ability to find and critically evaluate resources to find quality info

Question 5

Computer literacy

Answer 5

Ability to use info technology devices and software

Question 6

Digital Firm

Answer 6

IS is the “core of the business” and primary management tool

Question 7

6 business objectives

Answer 7

1. Improved Operational Efficiency
2. New Means of Making Money
3. Customer and Supplier Relationships
4. Improving the Decision-Making
5. Keeping a Competitive Advantage
6. Survival of the Fittest

Question 8

Moore’s Law

Answer 8

of transistors on a microchip doubles every 2 years. COST of computer is halved

Question 9

Data VS. Info

Answer 9

Data - Raw materials that have no specific meaning

Information - group of data that carries meaning