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Ch.9 Exploring Business
Final Exam Ch. 7-14
27
Business
Undergraduate 1
11/21/2009

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Term
Information
Definition
A set of data, facts, numbers, and words that has been organized in such a way that it provides its users with knowledge.
Term
Knowledge
Definition
What a person percieves, recognizes, identifies, or discovers from analyzing data and information.
Term
Learning
Definition
An increase in the store or stock of people's expertise or knowledge.
Term
Information Technology
Definition
The many different kinds of computer and communications hardware and software and the skills of their designers, programmers, managers, and technicians who create and manage it.
Term
Organizational Learning
Definition
Managing information and knowledge to achieve a better fit between a company's business model and the forces in its environment.
Term
Information Overload
Definition
A situation in which managers have to process so much information it actually reduces their understanding of the situation.
Term
Real-Time information
Definition
Information that is constantly updated.
Term
Chief Information Officer
Definition
The top manager of a company's IT function.
Term
Transaction Processing System
Definition
An It system designed to collect, record, and manipulate the data related to a company's day-to-day business operations.
Term
Knowledge Management System
Definition
An IT system that analyzes the information collected from the TP system but filters and analyzes it to make it more useful to managers.
Term
Best Practices
Definition
The set of skill-based competencies that allow a particular function to perform at its optimal level.
Term
IT Consultants
Definition
Expert employees who use their knowledge and learning to solve their customers' IT problems.
Term
Expert System
Definition
An advanced IT system that can reason through a company's information, diagnose problems, and suggest solutions.
Term
Artificial Intelligence
Definition
An IT system that reasons and learns like a human being.
Term
Enterprise Resource Planning (ERP) Systems
Definition
Multimodule applications that coordinate all of a company's functional activities.
Term
E-Commerce
Definition
Trade that takes place between companies, and between companies and idividual customers, via the Internet.
Term
B2B Marketplace
Definition
An industry-specific trading platform set up to connect buyers and sellers using the internet.
Term
Intranet
Definition
A Company's internal system of computers and Web sites accessible only by its employees.
Term
Legacy System
Definition
The hardware and software components of a company's IT system at any one point in time.
Term
Router
Definition
Hardware and software that electronically transfers data between networks to tis intended destination, such as a specific web pade or computer.
Term
Ethernet
Definition
A local area communication trechnology that transmits information between computers at speeds between 10 and 10 million MBP's using coaxial or fiber optic cable.
Term
Broadband Technology
Definition
A type of communicatons hardware that allows for the rapid transmission of vast amounts of information.
Term
Best-of-Breed Solution
Definition
The highest performing IT hardware or software application currently available for managing a particular information processing or multimedia task.
Term
Industry Standard
Definition
A predominant type of technology used in an industry. Other technologies must be compatible with teh industry standard in order to be widely adopted.
Term
Firewall
Definition
Software that gives a company's PCs safe access to the Internet but that blocks computers from outside the firm from gaining access to the company's internet.
Term
Hackers
Definition
People who seek to invade a company's databases and steal the information for mailicious or illegal reasons.
Term
Computer Virus
Definition
Software code deliberately written to harm hardware and software and corrupt files and databases.
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