BUS 237 Study Guide - Midterm Guide: Computer Hardware, Local Area Network, Application Software

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BUS 237 Full Course Notes
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BUS 237 Full Course Notes
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Document Summary

Information system (is): a group of components that interact to produce information. People: management information systems (mis): the development and use of information systems that help businesses achieve their goals and objectives. Information technology (it): the methods, inventions, standards and products; raw technology that concerns only hardware, software and data components of is model. Essentially, this means the speed of computer chips double every 18 months. As a result, the price/performance ratio of computers (and other it products) has dramatically declined over the years. Chapter 2: business processes, information, and decision making: business process: a network of activities, resources, facilities, and information that interact to achieve some business function (e. g. , inventory management, manufacturing, sales and support, etc. Components of a business process: activities: transform resources and information of one type into resources and information of another type (e. g. , quantity received and shipping invoice information into a payment) Can be manual, automated or both: resources: items of value.

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