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Short Answers: Explain the differences among data, information and knowledge. Give an example for each. Answer: What is Wisdom? How does it relate to Data,

Short Answers:

  1. Explain the differences among data, information and knowledge. Give an example for each.

Answer:

  1. What is Wisdom? How does it relate to Data, Information, and Knowledge?

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  1. What is Big Data? How is it characterized?

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  1. What are the four basic capabilities of an information system?

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  1. Briefly describe the three areas that are needed to build an information system

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  1. How would you categorize a payroll system used by the accounting department?

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  1. What are the characteristics of Transaction Processing Systems?

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  1. Relate the complexity (sophistication) of information systems to the level of management they serve.

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  1. Describe information systems support for knowledge workers. Are middle-level managers knowledge workers?

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  1. Who are the users of an information system supporting compensation plans of a company?

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  1. Describe basic functions of a Life Cycle Management system. Who are typical users of such a system?

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  1. Describe basic functions of a Customer Relationship Management system. Who are typical users of such a system?

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