[MGMT 104] - Midterm Exam Guide - Comprehensive Notes for the exam (19 pages long!)
7 Feb 2017
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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. Single set of hardware, software, databases, telecommunications, people, and procedures that are configured to collect and interpret data into info.
