cis 100 power points| 138 QUESTIONS| WITH COMPLETE SOLUTIONS

Computers are correct answer: ubiquitous - they are all around us Binary counting system uses only two digits: correct answer: 0 and 1 Data correct answer: A collection of raw facts and figures Comprised of text, numbers, dates, etc. Examples: XYZ 55 05/05/05 500 Information system (IS correct answer: ): components that work together to process data and produce information Information correct answer: Data presented in a context - it has meaning, purpose, and is valuable to others On 05/05/05, SBS Investments acquired 500 shares of XYZ Corporation at $55 per share Synergy: correct answer: combining resources to produce output that exceeds the sum of outputs of the separate resources by themselves Human-computer combination allows human thought to be translated into efficient processing of data (greater productivity) Computer-based Information System correct answer: with one or more computers at center Solve problems Reduce cost Improve timeliness Increase profits Enhance decision making Organizations lag behind and lose a competitive edge if they do not use information systems effectively Data: correct answer: a given or a fact Can be number, statement, or picture Is the raw material in the production of information Information: correct answer: facts or conclusions that have meaning within a given context Composed of data that has been manipulated The "product" of IT Transaction processing system (TPS): correct answer: most widely used type of system Records data collected at point where an organization transacts business with other parties Point-of-sale machines: record sales Include cash registers, ATMs, and a variety of purchase order systems