Answer the questions below:

MIS Chapter 1 Activities 1. Contrast Data vs. Information vs. Knowledge. What is the ultimate goal of an information system? 2. Discuss the computer literacy levels of your Grandparents, Parents, and your younger siblings. Do the same for the information literacy levels. How does computer literacy differ from information literacy? How do these differ from Business Intelligence? 3. Answer the following questions: a. What is a TPS? b. What is a MIS? c. What is a DSS? d. What is AI? 4. Think about your last trip to the grocery store and the checkout process. Identify each component of the system. Also identify the "heart" of the system. a. Data b. Database c. Process d. Information 5. To be useful information must have 4 qualities (timely, integrated, consistent/accurate, relevant). Provide an example of each. 6. What is a competitive advantage? What does it have to do with Information Systems? a. Contrast top line strategy with cost leadership and with bottom line strategy. b. What is product differentiation strategy? What is a focus strategy