AND ANSWERS WITH COMPLETE SOLUTION
What is a fact? Answer - the confirmation or validation of an event or object
What are the core drivers of the information age? Answer - 1. data
2. information
3. business intelligence
4. knowledge
What is the information age? Answer - the present time, during which infinite
quantities of facts are widely available to anyone who can use a computer
What is data? Answer - the raw facts that describe the characteristics of an
even or object
What is information? Answer - data converted into meaningful and useful
context
What is business intelligence (BI)? Answer - information collected from
multiple sources such as suppliers, customers, competitors, partners, and
industries that analyzes patterns, trends, and relationships for strategic
decision making
, What is knowledge? Answer - the skills, experience, and expertise, coupled
with information and intelligence, that creates a person's intellectual resources
What are knowledge workers? Answer - individuals valued for their ability to
interpret and analyze information
What is systems thinking? Answer - A way of monitoring the entire system by
viewing multiple inputs being processed or transformed to produce outputs
while continuously gathering feedback on each part
What is feedback? Answer - information that returns to its original transmitter
(input, transform, or output) and modifies the transmitter's actions
What are management information systems (MIS)? Answer - A business
function, like accounting and human resources, which moves information
about people, products, and processes across the company to facilitate
decision-making and problem-solving
chief Information Officer (CIO) Answer - responsible for overseeing all uses of
MIS and ensuring that MIS strategically aligns with business goals and
objectives
chief knowledge officer (CKO) Answer - responsible for collecting, maintaining,
and distributing company knowledge
chief privacy officer (CPO) Answer - responsible for ensuring the ethical and
legal use of information within a company