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24 Cards in this Set
- Front
- Back
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Information System
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collects, stores, and processes data to provide useful, accurate, and timely information within the context of some organization
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Organization
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a group of people who work together to accomplish a goal
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Business
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any organization that seeks profit by providing goods and services
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Nonprofit Organizations
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an organization that seeks to accomplish political, social, or charitable goals that do not include amassing a profit
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Mission
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goal
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Mission Statement
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the written expression of an organization's mission
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Executive Managers
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plan long-range goals
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Strategic Planning
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long-range goals
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Mid-level Managers
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figure out how to achieve long-range goals by setting incremental goals
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Tactical Planning
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goals for a year or less
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Low-level Managers
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responsible for the day-to-day activities including scheduling employees, ordering supplies and anything else necessary to make the job run smoothly
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Operational Planning
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day-to-day activities
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Herbert Simon's 3 phases to decision-making
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1. recognize a problem
2. devise and analyze possible solutions or actions to solve the problem 3. choose a solution or action |
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Structured Problem
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an ordinary, routine problem. the procedure for getting the best solution is known, the objective is clearly defined and the information necessary to make the decision is easy to identify
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Semi-Structured Problem
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the procedure to solve it is usually known, but there might be some subjective judgment needed
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Unstructured Problem
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needs human intuition as the basis for coming up with a solution
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Internal Information
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collected by the organization itself
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External Data
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generated by sources outside of the organization
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Enterprise Computer System
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supports a variety of business activities like inventory management, point-of-sale cash registers, e-commerce, payroll, and others
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Transaction
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an exchange between two parties that is recorded and stored in a computer system
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Transaction Processing System (TPS)
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provides a way to collect, process, store, display, modify, or cancel transactions
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Batch Processing
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the data was collected and help until the end of the day or pay period and then the entire batch was processed
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Online Processing
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a real-time method in which each transaction is processed as it is entered
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Online Transaction Processing (OLTP)
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uses a commit or rollback strategy to ensure that each transaction is processed correctly
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