PREP QUESTIONS AND SOLUTIONS
ALREADY PASSED
●● 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: 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
●● chief security officer (CSO)
Answer: responsible for ensuring the security of business systems and
developing strategies and safeguards against attacks by hackers and
viruses
●● chief technology officer (CTO)
Answer: responsible for ensuring the speed, accuracy, availability, and
reliability of the MIS