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10 Cards in this Set
- Front
- Back
system
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a set of two or more interrelated components that interact to achieve a goal
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data
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facts that are collected, recorded, stored, and processed by an information system
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information
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data that have been organized and processed to provide meaning and improve the decision-making process
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business process
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a set of related, coordinated, and structured activities and tasks that are performed by a person or by a computer or a machine, and that help accomplish a specific organizational goal
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transaction
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an agreement between two entities to exchange goods or services or any other event that can be measured in economic terms by an organization
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1. revenue cycle
2. expenditure cycle 3. production or conversion cycle 4. human resources/payroll cycle 5. financing cycle |
5 major business processes or transaction cycles
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1. people
2 procedures 3. data 4. software 5. information technology infrastructure 6. internal controls and security measures |
6 components of AIS
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1. collect and store data
2. transform data into information 3. provide adequate controls to safeguard the organization's assets and data |
3 important business functions
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1. inbound logistics
2. operations 3. outbound logistics 4. marketing and sales 5. service |
5 primary activities in value chain
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1. firm infrastructure
2. human resources 3. technology 4. purchasing |
4 support activities
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