Chapters 1-3 2026 | Study
Guide, Practice Questions,
Answers, Rationales &
Exam Review
Updated Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Business Model describes how a company produces, delivers, and sells a product or service to
create wealth
Information Technology consists of all the hardware and software that a firm needs to use in order to
achieve its business objectives
Information System a set of interrelated components that collects and or retrieve, process, store, and
distribute information to support decision making
Data raw facts representing events
Information data that has been shaped into a form that is meaningful
Input captures or collects raw data from within the organization
Processing converts this raw input into a meaningful form
Output transfers the processed information to the people who will use it or to the activities
for which it will be used
Feedback output that is returned to the appropriate members of the organization to help
evaluate input stage
computer literacy knowledge of information technology
MIS Deals with behavioral & technical issues
culture set of assumptions, values, and way of doing things
computer hardware physical equipment used for input, processing, and output in an information system
software detailed, pre programmed instruction that controls and coordinates the computer
hardware
data management technology consists of the software governing the organization of date or physical storage
media