Discrete: countable #(hair on head)
Continuous: infinitely possible #s(length of tree)
Nominal level measurement: data that cant be arranged.
(labeling groups with females andmales.
Ordinal: Data arranged in order (student receives grade for A
Chapter Extension 9:
Enterprise Resource Planning (ERP) Systems:
What is the Purpose of ERP Systems?
Enterprise resource planning(ERP) is a suite of applications
called modules; a database; and a set of inherent processes for
Chapter 5 Extension:
Data models are transformed into database designs
How are database application systems developed?
Database application system consists of a database, a DBMS and one or more
Allow separate systems to communicate directly with each other, eliminating the need for
manual entry into multiple systems
Use of the internet to provide customers with the ability to gain personalized information
by querying c
Legal protection on an idea, i.e. song book video game
Intangible creative work that is embodied in physical form and includes copyright
trademarks and patents
Exclusive right to make use and sell an invention and is
Data rich, information poor ; business intelligence can provide managers with the ability to
make better decisions
Questions BI can
Where has the business been, where is the business now, where is the business going
Easy to quantify and typically measured to determine the success or failure of a project
i.e decreased expenses, increased sales or quantity
Difficult to quantify or measure
i.e. improved decision making, improved mor
Includes the plans for how a firm will build, deploy, use, and share its data, processes and
MIS assets. A solid MIS infrastructure can reduce costs, improve productivity, optimize
business operations, and increase profitability.
The conformation or validation of an event or object
Infinite quantities of facts widely available to anyone who can use a computer
Internet of Things
World is interconnected and internet devices can collect data without human
Chapter 15-16 - Agency, Employment, and Labor Law
Part I: Agency Principal in Business Transactions
Why have an agent?
o Real estate agents
o It is actually impossible to * without an agent
o However the use of agents may dramatically increase the risk of
Chapter 9 Introduction to Contracts
Definition: A promise that the law will enforce.
The Purpose of a Contract: Contracts exist to make business matters more predictable.
Elements of a Contract
1-Offer and Acceptance = Agreement. An offer is an act or sta
January 29, 2016
Macy's Fights For Survival As Store Productivity Declines By: Walter Loeb. Article found
As consumers shift their buying away from department stores toward specialty retailers and
Marketing the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and
society at large
Relationship Marketing establishing long-term, mutually sat
January 29, 2016
Are Fitness Bands Worth It? Why You Might Be Better Off With Just a
Smartphone. By Ian Paul.
TECH Article found on www.Yahoo.com
A popular new fad has swept the health and fitness crowd with a thin,
Opportunity Cost - The opportunity of giving up the second-best choice when making a decision.
Absolute Advantage - When a country can produce more of a good than other nations, using the same amount of resources.
Comparative Advantage - The benefit a cou
Which of the following is NOT a factor to consider in analyzing industry structure as part of
an organizations information systems planning process?
- Threat of substitutions
- Threat of new entrants
- Lowest cost IT vendors
- Bargaining power