List and briefly explain the five-component model of an information system with examples
What will be an ideal response?
The five components described in the model are: computer hardware, software, data, procedures, and people. These five components are present in every information system, from the simplest to the most complex. For example, when one uses a computer to write a class report, he/she is using hardware (the computer, storage disk, keyboard, and monitor), software (Word, WordPerfect, or some other word-processing program), data (the words, sentences, and paragraphs in the report), procedures (the methods used to start the program, enter the report, print it, and save and back up the file), and people (the user).
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Which of the following terms best describes a distribution of the net income of a business to its owners?
a. Revenue b. Dividends c. Earnings d. Monetary unit
________ ________ uses sophisticated algorithms to try to determine the future actions of customers.
Fill in the blank(s) with the appropriate word(s).
Which method of investing probably involves the most risk?
A) Using the CAPM as a guide to select securities B) Using a market-timing strategy to manage a portfolio C) Using a buy-and-hold approach to manage a portfolio D) Using DRIPS and dollar cost averaging to build a portfolio
Which of the following is NOT a component of a linear programming problem?
A) internal metrics B) constraints C) objective function D) decision variables