economic system refers to the structure in society within which we make decision about: (a) What to produce (goods and services) (b) How to produce the goods and services (c) Where to produce (d) How to allocate and distribute the goods and services to meet the demands. The four main kinds of economic system are: (1) Traditional (subsistence) Systems (2) Market or Commercial Systems (3) Centrally Planned System (4) Mixed Economic Systems Subsistence Economic Systems: An economic system under
Premium Economic system Planned economy Market economy
of opportunities which include everything from basic information to retail software. Automatically updating information on a user’s system is also possible. There are many examples of online retail operations on the internet Intranets: The intranet is an internal system that can facilitate operations inside an organizations. These types of systems include training systems‚ knowledge to support operations‚ and access to human resource information that can help manage benefits. Extranet: The extranet
Premium Innovation Management Supply chain management
ASSIGNMENT INSTRUCTIONS Module Title: Information Systems Module Code: BB215005S Level: 2 Academic Year: 2010/11 Semester: 2 Module Leader: Lynn Snape Instructions: Answer the following question. Word Limit: 3000 words In determining the text to be included within the maximum word limit please refer to Assessment Regulations 6.56 to 6.58. Written assignments must not exceed the specified maximum number of words. All assignments which do so will
Premium Strategic management Word
Hospital Information System Project (HISP) The Hospital Information System Project (HISP) is a province-wide initiative designed to improve access to patient information through a central electronic information system‚ an electronic patient record (EPR). HISP’s goal is to streamline patient information flow and its accessibility for doctors and other health care providers. These changes in service will improve patient care quality and patient safety over time. The first site
Premium Health care Health care provider
economic system is the market economy. The market economy is a system of supply and demand. They produce and what size is controlled by price mechanism (Ebert/griffin‚ pg. 11). For example the consumer decides whom he or she wants to buy from and what they will pay for it. In a market system an individual can choose what business they want to do business with or even if they want to operate a business themselves. The last economic system is the mixed market system. The mixed market system can
Premium Planned economy Economic system Mixed economy
Answers for mid-term examination Chapter 1: 1- List and describe four reasons why information systems are so important for business today? Answer: - Capital Management - Foundation of doing business - Productivity - Strategic opportunity and advantage 2- Describe five technology and business trends that have enhanced the role of information systems in today’s competitive business environment: Answer: (chapter 1: page 8)
Premium Management Enterprise resource planning
in some vehicles are now being built in as standard features. These systems use computer programmes and GPS (Global Positioning System) satellite technology to assist with voice prompts and are a form of GIS (Global Information System). GIS though still a relatively new technology is becoming more and more useful for a vast range of applications which include every day life‚ science and agricultural fields‚ and the military. In this assignment‚ I will touch on the essence of GIS to provide a basic
Premium Map Cartography Geographic information system
Practice- based on mutuality of interest btwn record holder and individual * 1. Notice/awareness * 2. Choice/consent * 3. Access/participation * 4. Integrity/security * 5. Enforcement * Digital divide- the gap between people and countries who have opportunity and skills enabling them to benefit from digital resources‚ esp. the internet‚ and those who do not have these opportunities * Intellectual property- intangible property of any kind created by indvs or
Premium SQL Entity-relationship model Pretty Good Privacy
MANAGING INFORMATION SYSTEM An overview on the financial organization Guaranty Trust Bank (GTB) is a notable Nigerian financial institution with a wide business coverage covering the whole of West Africa and the United Kingdom‚ its present asset base is worth over 1 trillion Naira which is equivalent to 629‚000.00USD with shareholders’ funds of over 190 Billion Naira and employs over 5‚000 people in Nigeria‚ Gambia‚ Ghana‚ Liberia‚ Sierra Leone and the United Kingdom. The banks’ major duty is
Premium Bank Mobile phone Transaction processing
MANAGEMENT INFORMATION SYSTEM -the original type of information system developed to support managerial decision. Management Reporting Alternatives Four major reporting alternatives provided by MIS * Periodic Scheduled Reports Example: daily or weekly sales analysis reports monthly financial statements. * Exception Reports * Demand Reports and Responses * Push Reporting ONLINE ANALITICAL PROCESSING(OLAP) -enables managers and analyst to interactively examine
Premium Geographic information system Data mining Geography