This website uses cookies to ensure you have the best experience. Learn more

Business Management Questions And Answers Essay

664 words - 3 pages

1. What is information technology? How has technology influenced the economy?Information technology is the process and applications that create new methods to solve problems, perform tasks, and manage communication. Technology has influenced the economy by it has been a driving force in advancing the economic systems and the quality of our lives.2. Define data, knowledge, and information. Why is information important in business?Data is numerical or verbal descriptions related to statistics or other items that have not been analyzed or summarized. Knowledge is the understanding of data gained through study or experience. Information is meaningful and useful interpretation of data and knowledge that can be used in making decisions. Information is important in business because there is a lesser risk with making decisions. The more informed decisions could be made when more information is available, this can simplify and improve decisions for the future circumstances.3. What is the purpose of a management information system and how is it used?The purpose of a management information system is to obtain data from both internal and external sources to create information that is easily accessible and structured for user-friendly communication to managers. It is used for organizing and transmitting data into information that can be used for decision making.4. How has the evolution of the Internet affected the world?The evolution of the Internet has affected the world by it links many networks together and has made it much easier for people to communicate, learn, do business, and find entertainment.5. What is an intranet? An extranet? How are they used?An intranet is a network of computers similar to the Internet that is available only to people inside a certain organization. An extranet is a network of computers that allows selected companies and organizations to access the same information and may allow collaboration and communication about the information. Intranet is used by it allows employees to participate in creating information useful throughout the organization. Extranet is used by allowing users to share data, process orders, and manage...

Find Another Essay On Business Management questions and answers

Accounting questions and answers Essay

3250 words - 13 pages is not clear accountants may be asked to engage in "earnings management". What is earnings management and why would a business do it?Expenses are decreases in owner's equity that occur from using assets or increasing liabilities to deliver goods or services to customers. Expenses are the cost of doing business, i.e. Rent/salaries/insurance/electricity and gas/ use of supplies/ interest on loansAn expense is something with no real lasting value

Questions and Answers to Lincoln Electric case study by Harvard Business School

858 words - 3 pages system to other countries and the utilization of management controls to monitor it.*External: It was unreasonable to expect, considering the extensive experience with the US labor markets and the period of time required to customize the incentive system to fit a very specific culture, that it could be instantaneously transferred to a different business environment. It is clear that the rewards offered through the incentive plan did not have the same

Questions and Answers for Information Databases

603 words - 3 pages procedure will have only one logical unit of work. Transaction management is used to control changes made to the database, and triggers can be employed in conjunction with this functionality to maintain data integrity by rolling back transactions that clash with business rules. 3. In class we discussed object and system level permissions. Discuss what the 'default' access is for tables, and an accepted encapsulation technique for table access as

Questions and Answers: History of Information Systems

975 words - 4 pages the sake of my business needs. This because the enterprise architect depends on how well the management of the organization is ready to follow the guidelines as outlined. The enterprise architect additionally is cost effective and creates a positive impact towards organizational operation. The use of tool has benefited organizations in many ways. References Donohoe, P. (1999). Software architecture: TC2 first Working IFIP Conference on Software

Chattanooga Ice Cream Division Questions and Answers

634 words - 3 pages a) What is your assessment of the effectiveness of the management team at Chattanooga Ice Cream? List specific examples needed to support your assessment. The drastic changes that were occurring at this division have everyone confused and uncertain of their future. They do not want to be involved in any decisions regarding the company, due to they never had before. This has affected their effectiveness for the whole as a team. EX: When asked

More Questions from Answers: Belief and Reason

1015 words - 4 pages Surname 1NameProfessorCourseDateMore Questions from Answers: Belief and ReasonThe concept of God or gods presents a question of loaded terms, because this same word represents a global variety of belief systems regarding the existence of one or more gods- if any. Once a system of belief takes hold within a group of people, the believers usually start by explaining their beliefs, their reasoning, the source of their system, and how their religion

Questions and Answers About Luxury Products

1527 words - 7 pages good fit as weakest attributes. (5) What are the implications for companies and businesses that use country of origin as a way of advertising / promoting their product and brands? (5 marks).Provide justification and theoretical support for ALL your answers. There were three major implications for companies and businesses that use country of origin as a way of advertising their product and brands which are foreignness effect, ethnocentrism effect

Case Study Questions: Questions and Answers on Automatic Pricing

1387 words - 6 pages “short answer” questions: no more than a paragraph or two for each answer, please. Case Study Questions 1. In the case, Marty Manley recognized that the used book market has changed significantly since Alibris started working on their pricing module and providing pricing services. Marty realizes that in order to help Alibris suppliers successfully weather this market change, he needs to help them understand what is going on and how it might

Questions and Answers: Loss Prevention and Loss Reduction

955 words - 4 pages • Chapter 4: Review section, pg. 60: Questions 1. How is loss prevention different from loss reduction? Give some example of each. Risk management purpose is to prevent and reduce the frequency and severity of potential losses. Loss prevention programs promote avoidance of losses, measuring the loss frequency. Some examples are safety programs implemented to prevent workplace injuries, fire detectors, burglar alarms, and other protective

Chinese Company Nine Dragons and 2009 Crisis, Questions and Answers

2143 words - 9 pages Corporations”, Applied Financial Economics, 17: 1071–1074. 7. TENNANT, D., (2011). “Factors impacting on whether and how businesses respond to early warning signs of financial and economic turmoil: Jamaican firms in the global crisis”, Journal of Economics and Business, 63: 472– 491. 8. Casualty Actuary Society (CAS) (2003) ‘An overview of enterprise risk management’, Working paper, CAS, Arlington, VA. 9. Icksoo, K. (2009), “Inward and

Questions and Answers: The Apple of Your iPhone, iPad, Ipod

988 words - 4 pages 5 Questions and Answers About The Apple Company

Similar Essays

Business Management Questions And Answers Essay

635 words - 3 pages by people.3. Who are the main participants of business? What are the main activities? What other factors have an impact on the conduct of business in the United States?The main participants of business are employees, customers, and owners. The main activities are management, marketing, and finance. The other factors that have an impact on the conduct of business in the United States are economic systems, the free-enterprise system, the concepts of

Business Management Questions And Answers Essay

839 words - 4 pages products for the whole world. The best is global strategies because it helps the world recognize different cultures and understand the way one culture believes to another. A global strategy is used by American clothing, movies, music, and cosmetics. A Multinational strategy is used by celebrities being advertised in one country but can't be advertised in another because of the unfamiliarity.Book: Business Organization and Management

Management, Organization And Leadership: Questions And Answers

1590 words - 6 pages the use of decentralization? Limit your response to 200 words. Authority is the right to give commands, take action and make decision to achieve organization objectives. Authority can be centralized by the management decision making that all important business decisions has to be, first review with the responsible manager who assigned for this particular task, other word, managers make most decisions, even the relatively small ones

Human Resource Management, Questions And Answers

1902 words - 8 pages defining and/or designing work. The purpose of Human Resource Management is to maximize the capacity of a company by bettering its employees. This is unlikely to change in the future even though the pace of business is always changing . Edward L. Gubman said in the Journal of Business Strategy, "the basic mission of human resources will always be to acquire, develop, and retain talent; align the workforce with the business; and be an excellent