ACCOUNT ON UNIT 5002: INFORMATION BASED DECISION MAKING As a manager‚ it is vital that all decision that I have to make is based on accurate and recorded information. Making decisions are everyday activities and very often it is being performed without really thinking about them. Information based decision making enables me to understand the problem solving cycle‚ use creativity in decision making‚ anticipate potential problems‚ gain the commitment of others to my decisions in order that they may
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in Iran as a developing country. National banking & delivery systems along with cultural & training challenges were evaluated too. Based on Iran governmental services constraints‚ we presented an appropriate architecture for large scale online shopping systems. Some of design phase diagrams are presented that could be useful for software developing companies. Index Terms—B2C‚ Electronic Commerce‚ Online Shopping System‚ SDLC Phases. I. INTRODUCTION As electronic services are dependent on many
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2.3 Ishikawa diagram In 1960s‚ Professor Kaoru Ishikawa has introduced Ishikawa diagram. This diagram also called fishbone diagram or cause and effect diagram (Ishikawa 1976). Since this diagram is inception‚ it has gained tremendous of popularity to identify the root cause of the variety of problems (Hossen et al. 2017). Besides that‚ Ishikawa diagram often called as fishbone diagram is because it can help in the brainstorming to determine the possible cause of a problem and also sort the ideas
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a strategic location. The capital they used was from the debt or so called “arawan”. The wife had decided to loan her salary for the improvement of their house yet one-half of her salary (P4‚000) will be paid for her loan (P20‚000). It is a good decision however the income earned from their mini store is now the source for household expenses and other extraneous expenses. Their business runs so good but along the way their neighbor opts to have debt from their store and in which some of these debtors
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Behavior Diagrams Definition: Behavioral models describe the internal dynamic aspects of an information system that supports the business processes in an organization. During analysis‚ behavioral models describe what the internal logic of the processes is without specifying how the processes are to be implemented. Later‚ in the design and implementation phases‚ the detailed design of the operations contained in the object is fully specified. Use case diagrams are behavior diagrams used to describe
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For what decisions would estimated cost information be useful if you were a hospital administrator? The Director of a Cinema hall? The Marketing vice president of a bank? Cost information is the information about the different costs that are incurred in the operation of the organization or a business process. Here the cost includes all cost like material
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help people understand themselves as well as understanding other people that they are in daily contact with‚ so that they can find a way to making things work properly. The MBTI measures four preferences: Focus of attention‚ Acquiring information Making decisions‚ and External orientation.In my opinion this test is a very important step if you were in a position to select a team members or if you were a project manager and you want to select your employee or you were the project manager and want
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CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-16 (20 min.) Disposal of assets. 1. This is an unfortunate situation‚ yet the $75‚000 costs are irrelevant regarding the decision to remachine or scrap. The only relevant factors are the future revenues and future costs. By ignoring the accumulated costs and deciding on the basis of expected future costs‚ operating income will be maximized (or losses minimized). The difference in favor of remachining is $2‚000: (a) (b) Remachine Scrap
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Entity Relationship Diagram - ERD Database – is a large data repository that stores a shared collection of logically data. A database can be modeled as: A collection of entities and relationship among entities. What is Entity Relationship Diagram? An entity-relationship (ER) diagram is a specialized graphic diagram that illustrates the relationships between entities in a database‚ simply it illustrates the logical structure of databases. ER diagrams often use symbols to represent different types
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approach complies with the GAAP so it can be used to satisfy conventional financial reporting requirements. On the other hand‚ accounting standard board does not accept ABC to prepare financial statements so it can be useful for internal management decision. Under conventional system‚ there are similarities between job costing‚ process costing and operating costing. Firstly‚ they accumulate product costs throughout the production process and
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