Knowledge is an awareness and understanding of a set of information

Value of information might be measured in
Time required to make a decision

Value of information might be measured in
Increased profits company

... is directly linked to haw it helps decison makers achive their organization's goals

A set of elements or components that interact to accomplish goals

Feedback is one of components of a system

Input is one of components of a system

processing is one of components of a system

Output is one of components of a system

measure of what is produced divided by what is consumed

Extent to which system attains its goals

a specific objective of the system

System performance standard is a specific objective of the system

Activity of gathering and capturing raw data

Any business related exchange such as payments to employees , sales to customers and payments to suppliers

An organized collection of people, procedures , software, database and devices used to record completed business transaction

Can replace many applications with one unifief set of programs

A set of integrated programs that manages the vital business operations for entire multisite , glopal organizations

An effective TPS provides a number of benefits to a company

A TPS can't speed business activities and reduce clerical

Data stored in TPSs is used to help managers make better decisions