Chapter 1: Key Terms Flashcards
Computer Literacy
is skill in using productivity software, such as word processors, spreadsheets, database management systems, and presentation software, as well as having a basic knowledge of hardware and software, the Internet, and collaboration tools and technologies
Information Literacy
understanding the role of information in generating and using business intelligence
Business Intelligence (BI)
provides historical, current, and predictive views of business operations and environments and give organizations a competitive advantage in the marketplace
Transaction-processing systems (TPSs)
focus on data collection and processing; the major reason for using them is cost reduction.
Management Information System (MIS)
an organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes
Data
consists of raw facts and is a component of information system
Database
a collection of all relevant data organized in a series of integrated files
Process
generates the most useful type of information for decision making, including transaction-processing reports and models for decision analysis
Information
consists of facts that have been analyzed by the process component and is an output of an information system
Information Technologies
support information systems and use the Internet, computer networks, database systems, POS systems, and radio-frequency-identification (RFID) tags
Five Forces Model
this analyzes an organization, its position in the marketplace, and how information systems could be used to make it more competitive.
What are the Five Forces?
Buyer power, Supplier power, Threat of substitute products or services, Threat of new entrants, Rivalry among existing competitors
