ISA 235 Final: ISA 235 Exam 1 Study Guide

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Document Summary

What is an information system: system group of components that interact to achieve some purpose, five-component framework computer hardware, software, data, procedures, and. Information system group of components that interact to produce information people. What is mis: management information systems management and use of information systems that help businesses achieve their strategies. Information technology refers to the products, methods, inventions, and standards that are used for the purpose of producing information: you can buy it, you cannot buy an is. Information technology (it: products, methods, inventions, standards, it components = hardware + software + data, is = it + procedures + people. How can is improve process quality: effective business process one that enables the organization to accomplish its strategy, efficiency ratio of benefits to costs. Information knowledge derived from data which is defined as recorded facts or figures. Characteristics of good data: accurate, timely, relevant, just barely sufficient, worth its cost.