CH 1 CIS 2200 BARUCH CORRECT 100%
Fact - ANSWER Confirmation/validation of an event/object
Data - ANSWER raw facts that describe characteristics of event/object
Information - ANSWER data converted into a meaningful n useful context
Business Intelligences - ANSWER information collected from multiple sources that
analyzes patterns, trends, n relationships for strategic decision making
goods - ANSWER material item/product customers will buy to satisfy a want/need
services - ANSWER tasks performed by people that customers will buy to satisfy
want/need
production - ANSWER process where a business takes raw materials n processes
them/convert them into finished product for its goods/services
INPUT->PROCESS->OUTPUT
productivity - ANSWER rate at which goods n services are produced based upon total
output given total input
system thinking - ANSWER way of monitoring the entire system by viewing multiple
inputs being processed/transformed to produce outputs while continuously gathering
feedback to each part
Knowledge - ANSWER the skills, experience, n expertise, coupled with information and
intelligence, that creates a person's intellectual rates
Challenge: Departmental Companies - ANSWER Accounting n Finance: Monetary Data
Sales n Marketing: Transactional Data
Human Resources and Operations management: Production Data
All must work together as single unit
Solution: Management Information System - ANSWER a business function which
moves information about people, products, and processes across the company to
facilitate decision making n problem solving
System - ANSWER collection of parts that link to achieve common purpose
feedback - ANSWER information that returns to its original transmitter n modifies the
transmitter's actions
helps system maintain stability
Fact - ANSWER Confirmation/validation of an event/object
Data - ANSWER raw facts that describe characteristics of event/object
Information - ANSWER data converted into a meaningful n useful context
Business Intelligences - ANSWER information collected from multiple sources that
analyzes patterns, trends, n relationships for strategic decision making
goods - ANSWER material item/product customers will buy to satisfy a want/need
services - ANSWER tasks performed by people that customers will buy to satisfy
want/need
production - ANSWER process where a business takes raw materials n processes
them/convert them into finished product for its goods/services
INPUT->PROCESS->OUTPUT
productivity - ANSWER rate at which goods n services are produced based upon total
output given total input
system thinking - ANSWER way of monitoring the entire system by viewing multiple
inputs being processed/transformed to produce outputs while continuously gathering
feedback to each part
Knowledge - ANSWER the skills, experience, n expertise, coupled with information and
intelligence, that creates a person's intellectual rates
Challenge: Departmental Companies - ANSWER Accounting n Finance: Monetary Data
Sales n Marketing: Transactional Data
Human Resources and Operations management: Production Data
All must work together as single unit
Solution: Management Information System - ANSWER a business function which
moves information about people, products, and processes across the company to
facilitate decision making n problem solving
System - ANSWER collection of parts that link to achieve common purpose
feedback - ANSWER information that returns to its original transmitter n modifies the
transmitter's actions
helps system maintain stability
