Question: Explain the information value chain. How do business events turn into data, then into information, and then into knowledge? Give an example starting with the

Explain the information value chain. How do business events turn into data, then into information, and then into knowledge? Give an example starting with the business event of the purchase of a HP laptop computer from Courts Barbados Limited all the way to giving useful information for the CEO and other decision makers at Courts Barbados Limited.

QUESTION 2

Conceptual Question After an WICB international T-20 cricket match, a scoring summary is produced is produced detailing the number of runs scored, wickets taken, and catches dropped (among other statistics). explain how this scoring summary meets (or does not meet) the characteristics of useful information.

QUESTION 3

Explain the importance of developing both logical and physical DFDs for systems? What advantage is there for drawing a logical DFD before a physical DFD for a new information system?

QUESTION 4

explain the reasons why accounting information analysts have different types of diagrams and other documentation to depict different views (e.g. process, logic, and data) of an information system?

QUESTION 5

How would an AIS help a company identify the products with the highest profit margins? Why is that important to a company?

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Information Value Chain The information value chain refers to the series of steps through which raw data is transformed into usable knowledge that can inform decisions and actions It involves the foll... View full answer

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