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ISQS 2340 Exam 1

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ISQS 2340 Exam 1 Importance of Information Systems (IS) - Contributes to Operational Efficiency: ️ Enhances employee productivity, customer service, and satisfaction. - Supports Decision-Making: ️ Aids managers in making informed choices. - Develops Competitive Products: ️ Essen...

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  • September 23, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
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  • ISQS 2340 Exm 1
  • ISQS 2340 Exm 1
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ISQS 2340 Exam 1


Importance of Information Systems (IS)

- Contributes to Operational Efficiency: ✔️

Enhances employee productivity, customer service, and satisfaction.



- Supports Decision-Making: ✔️

Aids managers in making informed choices.



- Develops Competitive Products: ✔️

Essential for creating competitive advantages in the market.



- Career Opportunities: ✔️

Offers a dynamic and rewarding career path.



- Key Resource in Business: ✔️

Vital component of modern business infrastructure.



- Functional Area of Success: ✔️

Critical for overall business success.



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Data

- Data: ✔️

Raw facts that, by themselves, are not useful.

,---



Data Processing

- Data Processing: ✔️

Adding context to data and converting it into useful information.



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Information

- Information: ✔️

Processed data interpreted to assist in decision-making.



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Characteristics of Information

- Accurate

- Complete

- Economical

- Flexible

- Reliable

- Relevant

- Simple

- Timely

- Verifiable ✔️



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System

, - System: ✔️

An organized collection of interrelated parts working together to achieve a common goal.



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Components of a System

- Inputs

- Processing Mechanism

- Outputs

- Feedback

- Control ✔️



- A system has objectives, a structure, and performs functions within boundaries.



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Subsystem

- Subsystem Example: ✔️

University → Business School → Marketing.



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Simple vs. Complex Systems

- Simple Systems: ✔️

Few elements with simple relationships.



- Complex Systems: ✔️

Composed of many simple systems.

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