ISQS Exam 1 (Texas Tech, Delgadillo) Questions And Answers Rated A+ New Update Assured Satisfaction
4 views 0 purchase
Course
ISQS
Institution
ISQS
Characteristics of good information - ️️Accurate, complete, economical, flexible,
reliable, relevant, simple, timely, verifiable.
Data - ️️Raw facts
Information - ️️The meaningful interpretation of data that enables us to make
decisions.
What makes data = information? - ️️It's ...
Characteristics of good information - ✔️✔️Accurate, complete, economical, flexible,
reliable, relevant, simple, timely, verifiable.
Data - ✔️✔️Raw facts
Information - ✔️✔️The meaningful interpretation of data that enables us to make
decisions.
What makes data = information? - ✔️✔️It's usefulness!
System - ✔️✔️An organized collection of interrelated parts that work together to
achieve a common purpose.
What do systems have? - ✔️✔️Inputs,
procession mechanism,
outputs,
feedback,
control.
Subsystem - ✔️✔️(Of a system) University -> Business school -> Marketing.
Simple vs. Complex System - ✔️✔️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 - ✔️✔️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 - ✔️✔️Refers to the method, techniques and tools that are
used as means to bring about computer-based information systems.
Information System - ✔️✔️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? - ✔️✔️Input - is the activity of capturing
and gathering raw data.
Processing - involves converting or
transforming raw data into useful
output.
Output - ✔️✔️Involves producing useful
information, usually in the form of
documents and reports.
Feedback - ✔️✔️Is output that is used to make
adjustments or changes to input or
processing activities.
Control - ✔️✔️Involves monitoring and
evaluating feedback.
Computer Based Information System - ✔️✔️is an Information System that uses
computer systems, devices, and technology.
Computer-Based IS Components?! - ✔️✔️Hardware, Database, Networks, Procedures
***Software, People = KEY!!!!***
Comparative Advantage - ✔️✔️Is a significant and long-term benefit to a
company in relation to the competition (innovative thinking, IDEAS!!)
Competing with Information
Technology - ✔️✔️Competitive value of IT lies mostly in the
capability of software and of people and the
value of information a business acquires and
uses.
Strategic Information Systems - ✔️✔️Any kind of IS that uses IT to gain competitive
advantage (or sometimes reduce competitive advantage).
Major types of IS - ✔️✔️- DSS - decisions (what if analysis) - Strategic, Upper
- MIS - reporting - Tactical, Middle
- TPS - transactions - Operational, Lower
Transaction Processing System - ✔️✔️Is an organized collection of people,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R180,69. You're not tied to anything after your purchase.
