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BA325 Final Evaluation 2024/2025 Study Set $14.99   Add to cart

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BA325 Final Evaluation 2024/2025 Study Set

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Information Answer: Data converted into a meaningful and useful context Human mediation is necessary Data Answer: Facts and statistics collected together for reference or analysis Knowledge Answer: Information that has been synthesized and contextualized o Aggregated...

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  • August 30, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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BA325 Final Evaluation 2024/2025 Study
Set

Information Answer: Data converted into a meaningful and useful context

Human mediation is necessary



Data Answer: Facts and statistics collected together for reference or analysis



Knowledge Answer: Information that has been synthesized and contextualized

o Aggregated and filtered through human experience (tacit)

o Hard to structure· Information that has been synthesized and contextualized



DBMS (Database Management System) Answer: A software package designed to define,
manipulate, retrieve and manage data in a database.



Value of a Network Answer: Scarcity: the value of a good is a function of its limited availability
(diamonds)

Plentitude: the value of a network is a function of the number of connected nodes (fax machine)

Value is increased as more fax machines are introduced into the market

o Nodes connected to one another: clustering and degree of connections, can be homogeneous or
heterogeneous, whether they have or are complements



What is an enabler? Answer: IT is the enabler of new strategy, initiative, and effective management



Network effects are: Answer: increases in the value of a product to each user, including existing
users, as the total number of users rises

, The Network Effect - Metcalfe's Law Answer: The value of networked system grows as the user
population increases. Examples include Amazon, Mapmyrun, Pandora, Spotify, Waze, etc.



A company can experience all three: Network, Marketplace (Ebay), Platform (Operating Systems- Apple,
Microsoft, Android), or just one

o Facebooks benefits from all three aspects Answer: True



Composite Key Answer: Two or more primary keys used in a table.



4 perspectives of privacy Answer: · We have the right to be left alone "Data Privacy Advocacy"

i. My information is mine

· The communitarian perspective

i. Privacy is good, but has to be balanced against the needs of the greater community: US government,
PSU

· Market-based perspective

i. Market will determine what is okay in terms of data protection; many business students hold;
companies wouldn't be collected unless we wanted them to

· The feminist perspective

i. Protecting those who don't have as much power; individual privacy is a concept that belongs to people
in power



Data Privacy Advocacy Answer: My information is mine



The Communication Perspective Answer: Privacy is good, but has to be balanced against the needs
of the greater community: US government, PSU

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