MGMT 104 Lecture Notes - Lecture 18: Outsourcing, Human Resource Management, Computer Network
Document Summary
Information system (is): a set of interrelated components that collect, manipulate, and disseminate data and information and provide feedback to meet an objective. } system: set of elements or components that interact to accomplish goals. } information: collection of facts organized in such a way that they have value beyond the facts themselves. } knowledge: awareness and understanding of a set of information. } input: activity of gathering and capturing raw data. } output: production of useful information, usually in the form of documents and reports. } feedback: information from the system that is used to make changes to input or processing activities. } transaction processing system (tps): handles the large volume of business transactions that occur daily within an organization. } decision support system (dss): organized collection of people, procedures, software, databases, and devices that help make problem-specific decisions. } systems development: creating or modifying existing business systems.