Chapter 2, Problem 1RQ

Program Plan Intro

Information Systems:

• An information system is a system which provides the necessary information to an organization to achieve the goals.
• It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to the customers.
• The main components in the information system are people, data, procedures, hardware, and software.
• The main function of information system is accept and process the input data, and then stores the retrieved information and distributes it across the organization.

Explanation of Solution

Business process and its role in organization:

• The business process is the process of identifying and fulfills the requirement of the customer of the organization.
  • Business process begins with the customers need and ends with its fulfillment.
  • The activities need to complete the fulfillment are a chain task that are Engineering, Manufacturing, Marketing, Sales, Customer service within the organizations information flow...

Explanation of Solution

Different levels in business firm:

• Business firm includes three different levels depending on the work.
  • In operational management, business activities are monitored every day. The data includes the number of hours worked by an employee on a particular day...

Explanation of Solution

Importance of environment in business:

• It should have the knowledge of new technology and its effect on environment.
• A firm checks the changes in the environment which helps in maintain the business...