BMGT 301 Chapter Notes - Chapter 1: Technology Acceptance Model, Word Processor, Inventory Control

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 301
• Professor: Piety

Document Summary

Information system: a set of interrelated components that collect, manipulate, and disseminate data and information and provide a feedback mechanism to meet an objective. Interact daily with them: data: raw facts. Employee"s name and number of hours worked in a week. Information: a collection of facts organized in such a way that they have additional value beyond the value of the facts themselves: turning data into information is a process. An awareness and understanding of a set of information and of how that information can be made useful to support a specific task or reach a decision. Requires knowledge to select or reject facts based on their relevancy. D. 2. to particular tasks: characteristics of valuable information. Economical: relatively economical to produce; decision makers should balance the value of the information with the cost of producing it. Flexible: can be use for a variety of purposes.