WEEK 1 Flashcards

1
Q

Why Learn About Information Systems in Organizations?

3

A
  • Most organizations deal with digital information
  • Need for digital tools
  • Information systems (ISs) can cut costs and increase profits
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2
Q

− Set of interrelated components: collect, manipulate, store, and disseminate data and information

A

Information system (IS)

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3
Q

− Provides feedback to meet an objective

A

Information system (IS)

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4
Q

raw facts

A

Data

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5
Q

− Alphanumeric, image, audio, and video

A

Data

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6
Q

collection of facts organized in such a way that they have additional value beyond the value of the facts themselves

A

Information

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7
Q

Information should be easily _________ by authorized users so they can obtain it in the right format and at the right to meet their needs.

A

Accessible

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8
Q

information is error free. In some cases, inaccurate information is generated because inaccurate data is fed into the transformation process. [This is commonly called garbage in garbage out [GIGO]. ]

A

Accurate

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9
Q

information contains all the important facts. For example, an investment report that does not include all important costs is not complete.

A

Complete

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10
Q

Information should also be relatively economical to produce. Decision makers must always balance the value of information with the cost of producing it.

A

Economical

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11
Q

information can be used for a variety of purposes. For example, information on how much inventory is on hand for a particular part can be used by a sales representative in closing a sale, by a production manager to determine whether more inventory is needed, and by a financial executive to determine the total value the company has invested in inventory.

A

Flexible

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12
Q

information is important to the decision maker. Information showing that lumber prices might drop might not be relevant to a computer chip manufacturer.

A

Relevant

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13
Q

information can be depended on. In many cases, the reliability of the information depends on the reliability of the data-collection method. In other instances, reliability depend on the source of the information. A rumor from an unknown source that oil prices might go up might not be reliable.

A

Reliable

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14
Q

Information should be _________from access by unauthorized users.

A

Secure

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15
Q

Information should be _________, not overly complex. Sophisticated and detailed information might not be needed. In fact, too much information can cause information overload, whereby a decision maker has too much information and is unable to determine what is really important.

A

Simple

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16
Q

information is delivered when it is needed. Knowing last week’s weather conditions will not help when trying to decide what coat to wear today.

A

Timely

17
Q

Information should be __________. This means that you can check it to make sure it is correct, perhaps by checking many for the same information.

A

Verifiable

18
Q

is directly linked to how it helps decision makers achieve their organization’s goals

A

Value of information

19
Q

value of information might be measured in?

2

A

− Time required to make a decision

− Increased profits to the company

20
Q

DEFINING AND ORGANIZING RELATIONSHIPS AMONG DATA CREATES ___________

A

INFORMATION