MIS 180 Study Guide - Midterm Guide: Instant Messaging, Business 2.0, Retail
8 Dec 2015
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Mis 180 unit exam 1 review: describe the information age. The present time, during which infinite quantities of facts are widely available to anyone who can use a computer: compare and contrast data, information, business intelligence, and knowledge. Data: raw facts that describe the characteristics of an event or object. Order date, amount sold, customer number, quantity ordered. Information: data converted into a meaningful and useful context. Best-selling product, best customer, worst-selling product, worst customer. Business intelligence: information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. Lowest sales per week compared with the economic interest rates, Best-selling product by month compared to sports season and city wins and losses. Knowledge: the skills, experience, and expertise, coupled with information and intelligence, that creates a person"s intellectual resources. Accounting: records, measures, and reports monetary transactions. Finance: tracks strategic financial issues including money, banking, credit, investments, and assets.
