1. What is an information system? What are some of the ways information systems are changing our lives? 2. How would you distinguish data and information? Information and knowledge? 3. What is the difference between efficiency and effectiveness? 4. What are the components of any information system? 5. What is a computer based information system? What are its components? 6. What is the difference between an intranet and extranet? 7. What is the value chain? 8. What is supply chain management? What role does information system play in today’s organization. 9. What is reengineering? What are potential benefits of performing a process redesign? 10. What is quality? What is total quality management? 11. What is downsizing? How is it different from outsourcing?
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