PHIL 100 Lecture Notes - Lecture 3: Ebay

• School: University of Maryland
• Department: Philosophy
• Course: PHIL 100
• Professor: danmoller

Document Summary

Transaction: any business-related exchange, such as payments to employers, sales to customer, and payments to suppliers. Transaction processing systems (tps): an organized collection of people, procedures, software, databases, and devices used to record completed business transactions. Principal purpose is to answer routine questions and to track the flow of transactions through the organization. Monitor status of internal operations and firm"s relationship with external environment. ***mis & tps are very rigid they"re designed and built to follow certain rules and procedures. They take data, process it as instructed and provide reports. The tps records the data from everyday operation throughout every division or department in the organization. Each division/department is tied together through the tps to provide useful information to all management levels throughout the company. Provide middle managers with reports on firm"s performance. To monitor firm and help predict future performance. Summarize and report on basic operations using data from tps.