PRELIMINARY Flashcards
Selling products and services online *not perishable
E-commerce
OLAP
Online Application Program
DSS
Decision Support System
AI
Artificial Intelligence
Evolution in computer Hardware
Mainframe
Multitasking
Smaller computers
Minicomputers
Microcomputers
Personal Computers
Hardware vs Software
Intangible and Tangible
==Used to support managerial decision making
Hardware
Software
Hardware device that modulates the digital signals from a computer analog signals (telephone system) and vice versa
Modem
Virtual systems that enable management to control the operations of the physical system of the firm
Information System
Tangible resources such as materials, personnel, machines and money
Physical system
Information resources that are used to represent the physical system
Virtual system
Physical system of the firm
Input resources ➡️ Transformation process ➡️ Output Resources
Firm’s physical system that interacts with its environment by means of physical resource flows
Open System
One that does not communicate with its environment
Closed system
TPS
Transaction Processing Systems
Transaction Processing Systems
Data
Information
TPS
Facts and figures that are generally unusable due to their large volume and unrefined nature
Data
Processed data that is meaningful; tells users something
Information
Processes data that reflects the activities of the firm
TPS
MIS
Management Information System
Computer-based system that makes information available to users with similar needs
MIS
Writing software produces both periodic and special reports
Report