C724 (Information Systems Management) - WGU 2022 Study Guide

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C724 (Information Systems Management) - WGU Study Guide 1. Executive information system: A system that facilitates and supports senior managerial decisions. 2. Data: Unorganized data that lacks meaning. 3. Information: Data that has been organized in a meaningful manner. 4. Information system: An integrated network of components working together to convert data into useful information; includes an input, a process, and an output; comprised of people, processes, machines, and information technology. 5. Knowledge: The practical application of information. 6. Data, Information, and Knowledge example: Data: The number of people below the poverty line in the region is 50,000. Information: The number of people below the poverty line increases between 2010 and 2018. Knowledge: The number of people below the poverty line has increased due to stagnating wages and cuts to social programs. 7. Decision support system: This system uses models and statistical analysis to help decision makers solve problems 8. Management information system (MIS): Provides timely and accurate infor- mation that enables managers to manage their departments more efficiently; analyzes performance. 9. Transaction processing system: information system used for processing pa- tient admissions, employee time cards, and purchase orders

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