1. MIS (Management Information Systems) MIS deals with the coordination and use of three organizational resources. The way people use technology to work with information.
The most important resource to an organization is its people.
Technological Literacy: a measure of an employees ability to know how and when to apply technology
Informational Literacy: a measure to define an employees ability to define information and determine what information is needed
Data: Raw facts that describe a particular phenomenon such as temperature or price
Information: data that has particular meaning, as in what clothes to wear based on temperature, ...view middle of the document...
Any computer based tool that people use to work with information, and supports the need of information processing within an organization
Hardware: physical devices of a computer
Software: programs and instructions the computer uses
Input Device: a tool used to enter information into a computer
Output Device: a tool you see, hear, such as speakers or a monitor
Storage Device: a tool used to store information, such as a hard drive, the brain memory of the computer
CPU: the heart of the computer
RAM: The short term memory of the computer
Telecommunication Device: tool used to send and receive information from person to person
Connecting Device: ports such as serial or USB used to physically connect to share information
Application Software: Software that runs a specific program for a purpose
System Software: Software that provide the computer with a main function
2. Break Even Analysis – Impact of Information Technology
d. Break Even Point: this is the point in which a business begins to turn a profit rather than operating at a loss.
Fixed Cost: total costs incurred whether something is sold or not
Variable Cost: amount it costs to acquire one...