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Unformatted text preview: MIS chapter 1: Business functions – specialized tasks performed in a business organization, including manufacturing and production, sales and marketing, 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 organize 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 technology Computer literacy – knowledge about information technology, focusing 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 for 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 – consist of the 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 fi rm – 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 I nformation – data that have been shaped into a form that is meaningful and useful to human beings I nformation system – interrelated components working together to collect, process, store, and disseminate information to support decision making, coordination, control, analysis, and visualization in an organization I nformation systems literacy –...
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- Spring '09
- Management, fi rm