CORRECT ANSWERS { GRADED A+}
System - ✔✔two or more interrelated components that interact to achieve a goal,
often composed of subsystems that support the larger system
goal conflict - ✔✔when a subsystem's goals are inconsistent with the goals of
another subsystem or the system as a whole
goal congruence - ✔✔when a subsystem achieves its goals while contributing to
the organization's overall goal
Data - ✔✔facts that are collected, recorded, stored, and processed by an
information system
information - ✔✔data that have been organized and processed to provide meaning
and improve decision making
machine-readable - ✔✔data in a format that can be processed by a computer
, information overload - ✔✔exceeding the amount of information a human mind
can absorb and process, resulting in a decline in decision-making quality and an
increase in the cost of providing information
Information Technology (IT) - ✔✔the computers and other electronic devices
used to store, retrieve, transmit and manipulate data
value of information - ✔✔the benefit provided by information less the cost of
producing it
Information System - ✔✔the people and technologies in an organization that
produce information
Business Process - ✔✔a set of related, coordinated, and structured activities and
tasks, performed by a person, a computer, or a machine, that help accomplish a
specific organizational goal
transaction - ✔✔an agreement between two entities to exchange goods or
services, such as selling inventory in exchange for cash; any other event that can be
measured in economic terms by an organization