Describe the differences between data, information, knowledge, and wisdom.Define TPS and give an example.

1. Name the six components of an IS.
2. Describe the differences between data, information, knowledge, and wisdom.
3. Define TPS and give an example.
4. Explain why TPSs need to process incoming data before they are stored.
5. Define MIS and DSS and give an example of each.
6. What characteristic distinguishes a DSS from an MIS?
7. What level of personnel typically uses an EIS?
8. What factors determine IS value?

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