Question 1

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

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Question 2

Briefly describe a repository.

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Question 3

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

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Question 4

Just barely sufficient information is information that is sufficient for the purpose for which it is generated,but only so.

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Just barely sufficient information means that the information is adequate for the intended purpose, but only just enough, without any extra or additional information.

Question 5

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

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This statement is true. In order for data to be worth its cost, the value of the data must exceed or match the cost of obtaining and maintaining the data. Thus, an appropriate relationship must exist between the cost of data and its value.

Question 6

What is a business process? Define activities.

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Question 7

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 8

Define information.

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Question 9

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

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This statement is true. Unstructured processes require complex and creative thinking to effectively manage and optimize. Therefore, the quality of our thinking plays a significant role in the quality of the information system we use for these processes.

Question 10

Explain data with an example.

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Question 11

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

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Question 12

Briefly describe data flows.

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Question 13

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

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Question 14

List the components of a business process.

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Question 15

Relevant data are those which aptly pertain both to the context and to the subject.

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Relevant data must be both applicable to the specific subject being discussed and also fit within the overall context or framework of the larger topic.

Question 16

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

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Information systems should be subject to financial analyses to ensure they provide value to the organization and justify their costs. This may include return on investment (ROI) calculations or cost-benefit analyses.

Question 17

The higher you rise into management,the more data you will need to ignore.

Accepted Answer

As you climb up the management ladder, you will be flooded with a vast amount of information and data. However, not all of it will be relevant to your decision-making processes. Therefore, you will need to filter out the noise and focus on the key metrics that matter to your strategic objectives. In other words, you will need to ignore some data in order to stay focused on what really matters.

Question 18

Explain the importance of timeliness of information in an organization.

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Question 19

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

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Question 20

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

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Quiz 2: Business Processes information Systems and Information