Computer Science 1032A/B Lecture Notes - Lecture 1: European Cooperation In Science And Technology

• School: Western University
• Department: Computer Science
• Course: Computer Science 1032A/B
• Professor: Louis Magguilli

Document Summary

First computers were around 1980s but they were mainly introduced in mid. Business: anything that involves the exchange of money. It could be a service or a product or both: any endeavor or enterprise that achieves a goal through the effort of a person or persons that involves a monetary component. There are 3 major types of businesses: for profit, non-profit, governmental. All business operates on the same basic principle: all businesses require money to operate (bottom line) More money coming in than money going out is known as positive margin and more money going out than coming in is known as negative margin. For profit (profit), non-profit (surplus), government (budget) (be under budget) Margins come from facets of a business aka operations: margins come from producing, advertising, selling. Where does the money come from: you need to know where the money is coming in from, how much is coming in. First rule of business: nobody knows nothing.