a. Management information systems- an information system that helps businesses achieve their goals and objectives
2) What is the five component model of an information system? What are the characteristics of the five components?
a. Hardware- Electronic components and related gadgetry that input, process, output, store, and communicate data according to be instructions encoded in computer programs or software.
b. Software- instructions for computers.
c. Data- recorded facts or figures.
d. Procedures-instructions for humans.
e. People-includes those who operate and service the computers, those who maintain the data, those who support the networks, and those who use the system
3) What is information? Explain fully. Include the characteristics of good information.
a. Information is a word that is difficult to define, there are many different definitions of information. 1 Information is knowledge derived from data, where data is defined as recorded facts of figures. 2 data presented in a meaningful context. 3 data processed by summing, ordering, averaging, grouping, comparing, or other similar operations. 4 a difference that makes a difference.
b. Characteristics of good information include:
i. Accurate ii. Timely iii. Relevant
1. to context and to subject iv. just sufficient
v. worth its cost
4) What is collaboration?
a. Occurs when two or more people work together to achieve a common goal, result, or work products.
5) What are the components of a collaborative information system?
a. Hardware, software, data, procedures, People
6) How do businesses use