MIS ch1 Flashcards
Business functions
Specialized taks performed in a business organization, finance and accounting, and human resources.
Business model
An abstraction of what an enterprise is and how the enterprise delivers a product or service, showing how the enterprise creates wealth.
Business processes
The unique ways in which organizations coordinate and organise work activities, information, and knowledge to produce a product or service.
Complementary assets
Additional assets required to derive value from a primary investment.
Computer hardware
Physical equipment used for input, processing, and output activities in an information system.
Computer literacy
Knowledge about information technology, focussing on understanding of how computer-based technologies work.
Computer software
Detailed, preprogrammed instructions that control and coordinate the work of computer hardware components in an information system.
Culture
The set of fundamental assumptions about what products the organization should produce, how and where it should produce them, and from whom they should be produced.
Data
Streams of raw facts representing events occurring in organizations or the physical environment before they have been organized and arranged into a form that people can understand and use.
Data management technology
Software governing the organization of data on physical storage media
Data workers
People such as secretaries or bookkeepers who process the organization’s paperwork.
Digital firm
Organization where nearly all significant business processes and relationships with customers, suppliers and employees are digitally enabled, and key corporate assets are managed through digital means.
Extranets
Private intranet that is accessible to authorized outsiders.
Feedback
Output that is returned to the appropriate members of the organization to help them evaluate or correct input.
Information
Data that have been shaped into a form that is meaningful and useful to human beings.
