PART A Answer all the questions (12X0.5=6) 1. Organized collection of facts and information is called a A. Data B. Information C. Process 2. Set of elements or components that interact to accomplish goals A. System B. Processing C. Feedback 3. World's largest computer network, consisting of thousands of interconnected networks, all freely exchanging information A. Network B. Internet 5. TPS Stand for 4. The most important element in most computer-based information systems A. Procedures B. People C. Internet A. Transaction Processing System C. Trade Processing System C. Intranet question paper. A. Transaction Processing System C. Costumer Resource Management B. Transaction Procedure System 6. It has an organized collection of people, procedures, software, databases, and devices that provides routine information to managers and decision makers B. Management Information System . In traditional organizational structure the hierarchy of decision making, and authority flows rom the strategic management top down to operational management and non-management mployees. (True / False) A computer system comes in various forms and sizes. It can vary from a high-end server ersonal desktop, laptop, tablet computer, or a smartphone. (True/False) The control unit is one of the hardware components that allow the user to enter informati e system or control its operation such as mouse and keyboard. (True / False) 1. The portion of unemployment that is due to the normal working of the labor market u run job/skill matching problems. A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. All the above 2. The difference between the interest rate on a loan and the inflation rate is referred to A. Deflation rate B. Nominal rate C. Growth rate D. Real interest rate 3. The growth rate of the output of the entire economy - A. Price rate growth B. Output growth C. Employment growth D. Unemployment growth 4. A person 16 years old or older who is not working, is available for work, and has ma find work during the previous 4 weeks. A. Employment B. Unemployment C, Labour force D. Entrepreneur 3. Output growth, unemployment, inflation and deflation are the major concerns of A. Macroeconomies B. Microeconomics C. Production D. Scarcity