Computer Science 1032A/B Lecture Notes - Lecture 1: Management Information System, Usability

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

Document Summary

Business 101 intro to business concepts management information systems. First pc (business machine): 1981 --- on final exam. Business: all business operates on the same basic principle (surplus) (profit) (budget) *under: business requires money in order to operate, there has to be a source of money coming in, revenue. Investment: all businesses have a single goal known as the margin. Margin: the difference between money coming in and the money going out. Low - or - no margin = failure. **unless it is something you planned for*: more out than in: negative margin, more in than out: positive margin, non-profit: need the funding, want a surplus of donations, governments: need to stay under budget. --- track everything: tracking why, knowledge, data: Information: what you track derived from data using information. Purpose: track money coming in vs money going out. It systems: everything is collected accounting using the information.