COMPLETE RESPONSE SET GRADED A+
◉ understanding the role of information in generating and using
business intelligence. Answer: information literacy
◉ provides historical, current, and predictive views of business
operations and environments and gives organizations a competitive
advantage in the marketplace.. Answer: business intelligence -
technology-driven process for analyzing data and presenting
actionable information which helps executives, managers and other
corporate end users make informed business decisions
◉ focus on data collection and processing. Answer: transaction -
processing systems (TPSs) - computers are beneficial
◉ 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 processes. Answer: management information systems
◉ in the designing of MIS what are the three steps. Answer: 1 -
clearly define the systems objectives
2 - data must be collected and analyzed
,3 - information must be provided in a useful format for decision
making purposes
◉ major components of an information system. Answer: 1. Data
2. Database
3. Process
4. Information
◉ considered the input to the system. Answer: data - information
that users need affects the type of data that is collected and used -
consists of raw facts
◉ what are the two types of data and give examples of both. Answer:
internal - sales records, personal records
external - customers, government agencies, labor and population
statistics
◉ past data is collected for ____ and current data is collected for _____.
Answer: performance reports
operational reports
◉ heart of an information system. Answer: database
, ◉ collection of all relevant data organized in a series of ____ files.
Answer: database
integrated
◉ to create, organize, and manage databases. Answer: database
management system
◉ generates the most useful type of information for decision paking.
Answer: process
◉ generally includes transaction-processing reports and models for
decision analysis that can be built into the system or accessed from
external sources. Answer: process
◉ output of an information system. Answer: information
◉ consists of facts that have been analyzed. Answer: information
◉ to be useful information must have the qualities of. Answer: 1.
timeliness
2. integration with other data and information
3. consistency and accuracy
4. relevance