U1 - Introduction to Business Flashcards
1
Q
What determines the kind of information systems needed in a business?
A
Organizational Strategy
2
Q
What is a business?
A
Any attempt to achieve a goal through efforts of people that involve making money.
3
Q
3 types of a business.
A
Profit, non-profit, government.
4
Q
What do businesses need to operate?
A
Money
5
Q
What is margin?
A
The difference between money in and money coming out of a business.
