Q1: What is data? Give example.
Ans1: Data is a collection of facts, such as values or measurements. It can be numbers, words, measurements, observations or even just descriptions of things. Example - Data can be qualitative or quantitative
Q2: What is information? Give example.
Ans2: Information is data that has been given meaning by way of relational connection.
Example - knowledge; facts; data; details
Q3: What is knowledge? Give example
Ans3: When information is packaged or used for understanding or doing something, it is known as knowledge.
Example - Specific information about something
Q4: What is IT? Give example
Ans4: Information Technology (IT) is the branch of engineering that deals with the use of computers to store, retrieve and transmit information. It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies.
Example - Maintaining email and maintenance of the computer
Q5: What is Information System? Give example
Ans5: Information system, is an integrated set of components for collecting, storing, and processing data and for delivering information, knowledge, and digital products.
Example – IT Solutions For Business
Q6: IT VS IS
Ans6: IT- Components
IS – Used Components
IT- Not decision making tools
IS – Decision making tools
IT – Helps in design and development of IS
IS – Guided by policy and procedure
IT – Deals with latest technology
IS – Deals with data
IT – Not used various model
IS – Used various model
IT examples – Hardware, Software
IS examples – Used hardware and software in decision making
Q7: Function of MIS?
Ans7: Collecting information from lower level.
Preparation of report
Helps in decision making
Achieve competitive level
Developing core competency
Identifying problem core
Q8: Benefits of MIS?
• Improves personal efficiency
• Facilitates interpersonal communication
• Promotes learning or training
• Increases organizational control
• Generates new evidence in support of a decision
• Creates a competitive advantage over competition
• Encourages exploration and discovery on the part of the decision maker • Reveals new approaches to thinking about the problem space • Helps automate the Managerial processes
Q9: Level or types of information system (TPS, DSS, MIS, ESS)
Ans9: ESS – Top level
MIS/DSS – Middle level Manager
TPS – Data Worker
Q10: What is Enterprise System? Give example.
Ans10: Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.
Example - customer relationship management software
Q11: What is E- Business? Give example
Ans11: Total business process done through online.
Example - Amazon.com
Q12: What is E-Commerce: Give example
Ans12: Buying and selling by electronic means (internet, mobile or tv)
Example - Shopflick
Q13: MIS VS DSS
Ans13: MIS – Routine activity
DSS- Problem solving
MIS – Exceptional report
DSS – Unexpected problem handling
MIS – Extract data from database
DSS – Collect data from different sources
MIS – Provide competitive advantages.
DSS – Help to survive
MIS – Semi-Structure
MIS – Manage and monitor database
DSS - Not manage and monitor database
Q14: What is Supply chain management? Give example
Ans14: In supply chain management all parties manufacturer, distributor, retailer and wholesaler are involved to satisfy the ultimate customer.
Example - Wal-Mart
Q15: What is Customer Relation management? Give example
Ans15: The process by which you can satisfy your customers by warranty or post sail service.
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