BU486 Chapter Notes - Chapter 1: General Ledger, Business Process, Information Overload
Document Summary
2 or more interrelated components that interact to achieve a goal, often composed of subsystems that support the larger system. When a subsystem"s goals are inconsistent with the goals of another subsystem or the system as a whole. When a subsystem achieves its goals while contributing to the organization"s overall goal. Data: facts that are collected recorded, stored and processed by a system. Data that have been organized and processed to provide meaning and improve decision making. Exceeding the amount of information a human mind can absorb and process, resulting in a decline in decision making quality and an increase in the cost of providing information. The computers and other electronic devices used to store, retrieve, transmit and manipulate data. The benefit provided by information less the cost of producing it. Useful information: relevant, reliable, complete, timely, understandable, verifiable, accessible.
