Question 1

List the two major benefits of an information system.

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Question 2

Information systems should not be subjected to the same financial analyses that other assets are subjected to.

Accepted Answer

Information systems should be subjected to financial analyses like other assets to determine their value, cost-effectiveness, and return on investment. This helps organizations make informed decisions about their information systems investments and can ensure that they are using their resources efficiently.

Question 3

The quality of our thinking is a large part of the quality of the information system we use,especially for unstructured processes.

Accepted Answer

Since unstructured processes lack clear rules or procedures, the quality of our thinking and decision-making plays a significant role in the success and effectiveness of the information system we use to support these processes. Poor thinking can lead to erroneous or incomplete data entry, flawed analysis, incorrect conclusions, and ineffective actions. Therefore, investing in improving critical thinking skills and promoting a culture that values quality thinking can lead to better outcomes for unstructured processes.

Question 4

Define accurate information.Why is an information system providing accurate information crucial to an organization?

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Question 5

Describe the process of automation against the background of the five-component framework of an information system.

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Question 6

Briefly describe a repository.

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Question 7

What role does an individual's thinking play in the five components of an information system?

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Question 8

Explain the importance of timeliness of information in an organization.

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Question 9

What is a business process? Define activities.

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Question 10

The major benefit of automating a process is that the data stored in databases and other repositories can readily be processed to produce information.

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Automating a process enables data to be collected and stored more efficiently, allowing for faster and more accurate analysis to produce valuable information.

Question 11

In some cases,developing systems that provide information in near real time is much more difficult and expensive than producing information a few hours later.Provide an example that supports this statement.

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Question 12

Define relevant information.Explain the importance of relevant information in an organizational context.

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Question 13

List the components of a business process.

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Question 14

What are resources in a business process?

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Question 15

Explain data with an example.

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Question 16

Explain the importance of just barely sufficient information in the information age we live in.

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Question 17

What are the costs associated with information? When is information considered to be worth its cost?

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Question 18

For information to be worth its cost,an appropriate relationship must exist between the cost of information and the amount of data.

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The value of information is determined by its usefulness and relevance, not just the amount of data or its cost.

Question 19

Define information.

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Question 20

One of the major benefits of an information system is labor savings.

Accepted Answer

Information systems automate many tasks and processes that were previously done manually, thus reducing the need for labor and increasing efficiency.

Quiz 2: Business Processes, Information, and Information Systems