Business Technology Exam 2 Application Software Questions With Verified Answers

Business Technology Exam 2 Application Software Questions With Verified Answers Application Software - answerCompanies invest in IT related infrastructure, gather data, and employ IT personnel to support the practical operations of their businesses exp. order processing, billing, inventory control, sales reporting, market data analysis, financial accounting Six classes of applications - answerbusiness, enterprise, analytical, web, productivity, and collaboration applications Business Applications - answerAccounting, personnel, inventory, scheduling, purchasing Business Application examples - answerSage Peachtree and Intuit QuickBooks provide automatic accounting function. Low cost packaged applications are useful but cannot process the high volume of data transactions of a large business. Enterprise Applications - answerA cluster of high level integrated software applications that span the entire business model. exp. Enterprise Resource Planning (ERP), Supply Chain Management (SCM) Analytical Applications - answerUsed to improve information for decision making exp. Decision support systems, executive information systems, expert systems, knowledge based systems Decision Support System (DSS) - answerDatabase that drives a model or analytical process used by managers in decision making Knowledge Based and Expert Systems - answerAttempt to perform at expert levels of human thinking or reasoning. Reasoning s conducted until a decision is reached and justification for it is provided. Business Intelligence - answerComprehensive, cohesive, integrated tools and processes to: Capture, collect, integrate, store, and analyze data. Generate info to support business decision making. Digital Dashboard (example) - answerProvide rapid access to timely info, provide direct access to management reports, are very user friendly