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Word Count: 960
1 A procedure is a specific task that needs to be done to produce output A system is a group of related procedures for a particular business function2 Data is another word used for input and information is another word used for output3 The components of an information systems IS are hardware software data procedures and peopleHardware physical layer of information systemSoftware system and application softwareData Vital component of every systemProcedures define tasks that must be performed by people who work with the systemPeople primary purpose of IS is to provide valuable info to managers and users4 All information either is produced directly or derived from data5 An information systems is the effective use of hardware software data procedures and people to achieve specific results that support the companys business objectives6 Common business information systems consist of purchasing system production system marketing system receivables system finance system and human resource system7 EDI is the computer-to-computer transfer of data between companies An example of this is computerized filing of income taxes8 No the Saturn web-site does not describe the companys corporate culture because corporate culture is the set of beliefs rules traditions values and attitudes that define a companys personality and its not possible to view all these things through a web-site9 The four factors that affect the complexity of a business information system are1 Relationships with other systems10 The six types of information systems are1 Operational-- process data generated by the day-to-day business transactions of a company2 Management information system-- computer based system that generates timely and accurate information for top middle and lower managers3 Executive information system-- supports the information requirements of top level managers and their need to make unstructured decisionscombines features and capabilities of both MIS and decision support system4 Decision support system-- what if analysiseffect on company if sales increase by 10 percent and costs go up by 5 percentdesigned to help make business decisions by analyzing internal or external
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