ADMS 2511 Chapter Notes - Chapter 8: Capital Budgeting, Cash Flow, Manufacturing Resource Planning

• School: York University
• Department: Administrative Studies
• Course: ADMS 2511
• Professor: Carl Lapp

Document Summary

Is any business event that generates data worthy of being captured and stored in a database. Examples include products manufactured, service sold, person hired, and payroll cheque. Monitor, collect, store, and process data generated from all business transactions. Data are inputs to the organizational database as well as functional information systems, decision support systems, customer relationship management, knowledge management, and e commerce. Must avoid errors and downtime, record results accurately and securely, and maintain privacy and security. Data collected by people or sensors and are entered into the computer via an input device. System processes data in one of two basic ways: batch processing or on-line processing. Batch processing firms collect data from transactions as they occur, placing them in groups or batches the system then prepares and processes the batches periodically. Business transactions are processed online as soon as they occur example when we purchase an item, inventory goes down, cash increases etc.