Unit 2.01 Understanding Information Management

One of the purposes of information management is to provide businesses with the strategic information they need to:

make long-term decisions

Information management can be a challenge because:

many people do not understand what it is

Businesses assess their information needs to determine the type of information that will help them deal with:

specific problems

Information management

the process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making.

Why is it important for businesses to store information for future use?

to make it accessible

Data processing

turns data, which are facts and figures, into useful information. Its an important element of information management.

Which is the MOST efficient tool for gathering external information that businesses need?

Internet

Which is a true statement about a management information system (MIS)?

It may be one part of a business's overall information management pogram

management information system (MIS)

a form of technology that assists with a business's information management needs

One way for businesses to obtain needed information efficiently is to:

access a database

The reason businesses obtain information usually is to apply it in order to:

accomplish a task

Businesses evaluate the quality and source of the information they obtain to make sure the information is:

Useful

What do MOST businesses use to store information for future use?

computer systems