ISQS Exam 1 (Texas Tech, Delgadillo) study guide 2024
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Course
ISQS
Institution
ISQS
Data - answer-Raw facts
Information - answer-The meaningful interpretation of data that enables us to make decisions.
What makes data = information? - answer-It's usefulness!
Characteristics of good information - answer-Accurate, complete, economical, flexible, reliable, relevant, simple, ...
ISQS Exam 1 (Texas Tech, Delgadillo) study
guide 2024
Data - answer-✔Raw facts
Information - answer-✔The meaningful interpretation of data that enables us to
make decisions.
What makes data = information? - answer-✔It's usefulness!
Characteristics of good information - answer-✔Accurate, complete, economical,
flexible, reliable, relevant, simple, timely, verifiable.
System - answer-✔An organized collection of interrelated parts that work together
to achieve a common purpose.
What do systems have? - answer-✔Inputs,
procession mechanism,
outputs,
feedback,
control.
Subsystem - answer-✔(Of a system) University -> Business school -> Marketing.
Simple vs. Complex System - answer-✔Simple- Very few elements & components,
relationship is simple.
,Complex- A system filled with many simple systems.
A collection of simple systems is better than one, large complex system.
Open vs. Closed System - answer-✔Open- Everyone can use, don't have to have
control of market (interact with other systems)
Closed- Exclusive, not adoptable; only if you have control of market (no
interaction)
Information Technology - answer-✔Refers to the method, techniques and tools that
are used as means to bring about computer-based information systems.
Information System - answer-✔Is a set of interrelated components
that collect (input), manipulate and
store (processing), and disseminate
(output) data and information as well
as a feedback mechanism.
What is input and processing? - answer-✔Input - is the activity of capturing
and gathering raw data.
Processing - involves converting or
transforming raw data into useful
output.
, Output - answer-✔Involves producing useful
information, usually in the form of
documents and reports.
Feedback - answer-✔Is output that is used to make
adjustments or changes to input or
processing activities.
Control - answer-✔Involves monitoring and
evaluating feedback.
Computer Based Information System - answer-✔is an Information System that
uses computer systems, devices, and technology.
Computer-Based IS Components?! - answer-✔Hardware, Database, Networks,
Procedures
***Software, People = KEY!!!!***
Comparative Advantage - answer-✔Is a significant and long-term benefit to a
company in relation to the competition (innovative thinking, IDEAS!!)
Competing with Information
Technology - answer-✔Competitive value of IT lies mostly in the
capability of software and of people and the
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