Term
| Electronic Business(E-Business) |
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Definition
| application of electronic networks to exchange information and link business processes among organizations and individuals. |
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Term
| Which is bigger, B2B or B2C? |
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Definition
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Term
| Competitive Advantage of E-Business to the Value Chain |
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Definition
| Vast Selection, marketing and selling items of the customer's interest, obtaining inventory, inexpensively and efficiently. |
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Term
| Business Event Data Store |
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Definition
| is a book of original entry used for recording business event. The General and special journals used in manual accounting systems are automated as specialized views of the business event data store. |
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Term
| Manual to Automated transaction |
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Definition
1. Journalizing Entry = Record Invoice
2. Post to Subsidiary Ledger = Update A/R Master data
3. Post to General Ledger = Update GL master data.
4. Summarize Business Events by creating trial balance = prepare trial balance |
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Term
| Master Data and Two types of Updates |
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Definition
repositories of relatively permanent data maintained over an extended period of time.
1. Info Processing
2. Data Maintenance |
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Term
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Definition
| includes data processing functions related to economic events, internal operation, and financial statement preparation. |
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Term
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Definition
| includes adding, deleting, or replacing the standing data portions of master data |
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Term
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Definition
| relatively permanent portions of master data, like credit limit and selling price, |
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Term
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Definition
| aggregation of several business events over some period of time with the subsequent processing of these data as a group by the information system |
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Term
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Definition
| a delay exists between the various data processing steps. This is heavily dependent on use of batch processing. |
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Term
| Four sub processes of Batch Processing before event is converted into info reports |
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Definition
1. Business Event Occurs
2. Record Business Event Data-take source documents as enter data in computerized format. This becomes the sales event data store
3. Update Master Data- sales event data store is brought to computer to be processed and any calculations and summarizations completed.
4. Generate Outputs- reports generally |
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Term
| Online Transaction Entry(OLTE) System |
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Definition
use of data entry devices allows business event data to be entered directly into the info system at the time and place that the business event occurs. Replaces source document and prices are generated by the system.
This eliminates the need to have one person enter business event data on a source document and then have another person perform the data entry to convert the business event data to a computer-ready form. |
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Term
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Definition
| when a device is connected to the computer or network to retrieve things |
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Term
| Online Real Time(OLRT) systems |
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Definition
| gather business event data at the time of occurrence, update the master data essentially instantaneously, and provide results in short time or real time |
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Term
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Definition
| data processing mode in which little or no delay occurs between any two data processing steps. |
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Term
| Three subprocesses of OLRT system before event is converted info that can be used by decision makers. |
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Definition
1. Business Event Occurs and record business event data- data entered directly into the system.
2. Update Master Data- each event processed individually and calcs or summarizations completed. This is happening at point of sale.
3. Generate Reports(and support queries) - instantaneously available. |
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Term
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Definition
| Cost because it must be linked to a computer, which means online. |
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Term
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Definition
| electronic transmission of nonstandardized messages between two individuals who are linked via a communications network. Unstructured and Informal, but good for mailing list to get target market |
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Term
| Electronic Data Management(EDM) |
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Definition
| capturing, storing, management, and control of electronic document images for the purpose of supporting management decisions making and facilitating business event data processing. |
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Term
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Definition
1. Document Storage and Retrieval- stores the images and displays or prints a copy upon request.
2. Business Event Data Processing- manage the workflow and route the documents to the appropriate people. |
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Term
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Definition
1. Reduced cost of handling and storing paper
2. Improved Staff Productivity
3. superior customer service
4. Enhanced management of operational workflow
5. Faster Processing. |
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Term
| Electronic Data Interchange(EDI) |
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Definition
| computer to computer exchange of business data in structure formats that allow direct processing of those electronic documents by the receiving computer system. |
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Term
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Definition
| An originating application prepares and electronic business document, such as a PO and an application processes the business data a the destination organization. |
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Term
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Definition
| application's electronic business document must be translated to the structured EDI format that will be recognized by the receiving computer. |
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Term
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Definition
| formats and codes for each transmission type in order to translate. |
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Term
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Definition
| two trading partners must have a method of communicating the electronic messages to each other. either direct computer-to-computer link or one partner must purchase communications hardware or software, expensive! |
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Term
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Definition
| organization that acts as an intermediary between a large company and its suppliers. They translate messages to a format that the supplier can use, for a fee |
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Term
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Definition
| organization connects to the VAN when it wants, leaves its outgoing messages, and at the same time, pick up incoming messages from its mailbox. Links many business partners together. |
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Term
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Definition
| With EDI, both activities are eliminated for the selling organization because OLTE activities are initiated and completed by the linking purchaser. eliminates risk of erroneous data entry from selling org. |
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Term
| eXtensible Markup Language(XML) |
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Definition
| is an environment using tags to describe data for the purpose of easy transmission over networks. It is currently being used to develop web services and service oriented architecture (SOA) applications. |
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Term
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Definition
| set of technologies used for connecting two systems and allowing the implementation of an SOA. Software application that supports direct interactions with software objects over an intranet or the Internet. |
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Term
| Service Oriented Architectures(SOA) |
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Definition
| refer to well-defined, independent functions that can be distributed over a network via web services. |
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Term
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Definition
| computer-to-computer exchange of business event data in structured or semi-structured formats via Internet communication that allows the initiation and consummation of business events. |
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Term
| Client-Server Relationship |
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Definition
| connection created between the customer and the vendor is an extended form of client/Server applications. This means place an order, they receive, translate, and process transaction, collect business event data. |
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Term
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Definition
| companies that provide a link to the Internet by making their directly connected networks available for access by fee-paying customers. |
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Term
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Definition
| service provided for a fee to vendors to provide limited assurance to user of the vendor's Web Site that the site is reliable, and event data security is reasonable. |
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Term
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Definition
| creation of Internet-located resources for displaying goods and services for sale and for conducting related sales events. |
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Term
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Definition
| provide an Internet base for companies to place products up for bid or for buyers to put proposed purchase up for bid. EBAY |
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Term
| Internet Market Exchanges |
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Definition
| bring together a variety of suppliers in a given industry with one or more buyers in the same industry to provide Internet commerce through organized markets. |
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