INF1505 CHAPTER 1 QUESTIONS AND ANSWERS LATEST
UPDATE A+ GRADED
Business intelligence (BI)
provides historical, current, and predictive views of business operations and
environments and gives organizations a competitive advantage in the marketplace.
Computer literacy
is skill in using productivity software, such as word processors, spreadsheets, database
management systems, and presentation software, as well as having a basic knowledge
of hardware and software, the Internet, and collaboration tools and technologies.
Data
consists of raw facts and is a component of an information system.
database
is a collection of all relevant data organized in a series of integrated files.
Five Forces Model
analyzes an organization, its position in the marketplace, and how information systems
could be used to make it more competitive. The five forces include buyer power,
supplier power, threat of substitute products or services, threat of new entrants, and
rivalry among existing competitors.
Information
consists of facts that have been analyzed by the process component and is an output of
an information system.
Information literacy
is understanding the role of information in generating and using business intelligence.
Information technologies
support information systems and use the Internet, computer networks, database
systems, POS systems, and radio-frequency-identification (RFID) tags.
management information system (MIS)
is an 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 purposes.
process
component of an information system generates the most useful type of information for
decision making, including transaction-processing reports and models for decision
analysis.
Transaction-processing systems (TPS)
focus on data collection and processing; the major reason for using them is cost
reduction.
UPDATE A+ GRADED
Business intelligence (BI)
provides historical, current, and predictive views of business operations and
environments and gives organizations a competitive advantage in the marketplace.
Computer literacy
is skill in using productivity software, such as word processors, spreadsheets, database
management systems, and presentation software, as well as having a basic knowledge
of hardware and software, the Internet, and collaboration tools and technologies.
Data
consists of raw facts and is a component of an information system.
database
is a collection of all relevant data organized in a series of integrated files.
Five Forces Model
analyzes an organization, its position in the marketplace, and how information systems
could be used to make it more competitive. The five forces include buyer power,
supplier power, threat of substitute products or services, threat of new entrants, and
rivalry among existing competitors.
Information
consists of facts that have been analyzed by the process component and is an output of
an information system.
Information literacy
is understanding the role of information in generating and using business intelligence.
Information technologies
support information systems and use the Internet, computer networks, database
systems, POS systems, and radio-frequency-identification (RFID) tags.
management information system (MIS)
is an 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 purposes.
process
component of an information system generates the most useful type of information for
decision making, including transaction-processing reports and models for decision
analysis.
Transaction-processing systems (TPS)
focus on data collection and processing; the major reason for using them is cost
reduction.
