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18 Cards in this Set
- Front
- Back
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Information |
Data converted into a meaningful and useful context |
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Variable |
Data characteristic that stands for a value that changes or varies over time |
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Business Intelligence |
Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making |
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Knowledge |
Skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources |
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Cross-Functionally |
Successful companies operate cross-functionally, integrating the operations of all departments. |
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Departments |
Operating cross-functionally means integrating the operations of all departments. |
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Knowledge Workers |
Knowledge workers are individuals valued for their ability to interpret and analyze information. |
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Management Information Systems |
Management information systems is a business function, like accounting or human resources, that moves information about people, products, and processes across the company to facilitate decision making and problem solving. |
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Fact |
The confirmation or validation of an event or object. |
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Information Age |
When infinite quantities of facts are widely available to anyone who can use a computer. |
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Data |
Raw facts that describe the characteristics of an event or object. |
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System |
A collection of parts that link to achieve a common purpose. |
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Goods |
Material items or products that customers will buy to satisfy a want or need. |
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Services |
Tasks performed by people hat customers will buy to satisfy a want or need. |
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Production |
The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. |
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Productivity |
The rate at which goods and services are produced based upon total inputs. |
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Systems Thinking |
A Way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part. |
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Feedback |
Information that returns to its original transmitter (input, transform, or output) and modifies the transmitter's actions. |
