Information-processing
operations involved in updating
the general ledger and prepar
ing reports for both manage
ment and external parties.
Data that have
been organized and processed
to provide meaning and im
prove decision-making.
Exceed
ing the amount of information
a human mind can absorb and
process, resulting in a decline in
decision-making quality and an
increase in the cost of providing
information.
Value
chain activities that produce,
market, and deliver products
and services to customers and
provide post-delivery service
and support.
Activities associated with using
labor, raw materials and equip
ment to produce finished goods.
Facts that are collected,
recorded, stored, and pro
cessed by a system.
The
computers and other electronic
devices used to store, retrieve,
transmit and manipulate data.
An extended
system that includes an orga
nization’s value chain as well as
its suppliers, distributors, and
customers.
Activities associated with hiring,
training, compensating, evaluat
ing, promoting, and terminating
employees.
Two or more interrelated
components that interact to
achieve a goal, often composed
of subsystems that support the
larger system.
An agreement be
tween two entities to exchange
goods or services, such as sell
ing inventory in exchange for
cash; any other event that can
be measured in economic terms
by an organization.
A set of relat
ed, coordinated, and structured
activities and tasks, performed
by a person, a computer, or a
machine that help accomplish a
specific organizational goal.
The
benefit provided by information
less the cost of producing it.
When a subsys
tem’s goals are inconsistent with
the goals of another subsystem
or the system as a whole.
A system that collects, records,
stores, and processes data to
produce information for deci
sion makers. It includes people,
procedures and instructions,
data, software, information
technology infrastructure, and
internal controls and security
measures.
Linking together
of all the primary and support
activities in a business. Value
is added as a product passes
through the chain.
Activities as
sociated with purchasing inven
tory for resale or raw materials
in exchange for cash or a future
promise to pay cash.
Activities as
sociated with raising money by
selling shares in the company to
investors and borrowing money
as well as paying dividends and
interest.
Process
of capturing transaction data,
processing it, storing it for later
use, and producing information
output, such as a managerial
report or a financial statement.
Information-processing
operations involved in updating
the general ledger and prepar
ing reports for both manage
ment and external parties.
Transac
tions that happen a great many
times, such as giving up cash
to get inventory from a sup
plier and giving employees a
paycheck in exchange for their
labor.
Value chain
activities such as firm infrastruc
ture, technology, purchasing,
and human resources that
enable primary activities to
be performed efficiently and
effectively.
Activities as
sociated with selling goods and
services in exchange for cash or
a future promise to receive cash.
The use of
data warehouses and complex
algorithms to forecast future
events, based on historical
trends and calculated prob
abilities.
Activities as
sociated with selling goods and
services in exchange for cash or
a future promise to receive cash.