technology in business Flashcards
capital intensive production
when a larger proportion of capital is used in relation to labour (more machines less labour) e.g soft drink industry and automobile industry
labour intensive production
when a larger proportion of labour is used in relation to capital e.g agriculture and construction
automation
is the use of machines in a series of operations, one linked to the other. without human intervention
mechanisation
is the replacing of primitive or traditional tools and human labour with machines in order to produce more efficiently and quickly
advantages/disadvantages of automation and technisation
advantages
it is possible to increase production
in greatly reduced time
minimal supervision is needed
errors are almost completely eradicated
disadvantages
many workers are replaced contributing to unemployment
automation and mechanisation is a very costly investment to a firm
computer aided design
is a software programme that allows the designer to produce two or three dimensional designs on a computer screen that can be easily modified
computer aided manufacturing
involves the use of computers in variety of manufacturing tasks.
computer aided instruction
is the use of computer to teach or give instructions.
Use of MIS in a business
computerised clerical operations- wage and salary administration in large firms and credit and debit transfer in banks
computerised research and design
challenges of MIS
acquiring and implementing a system that is affordable in a business
advantages and disadvantages of an MIS
advantages
more efficient use of resources
increased revenues or profits
better decision making
disadvantages
there is a possibility of system shutdown
inaccurate information can be supplied
human error can be made inputting the data
