WHAT HAVE I LEARNED?

Instruction: Answer the following questions briefly.

1. Explain briefly the need of a computer and/or technology in business competitions.

Business processes are significantly impacted by technology. Regardless of the

size of your business, technology can help you generate revenue and deliver the
outcomes your clients are looking for. The culture, effectiveness, and relationships of a
corporation are impacted by its technological infrastructure. Additionally, it affects trade
advantages and the security of sensitive data.
Technology also assists businesses in understanding their cash flow
requirements and in protecting priceless resources like time and physical space.
Technologies for warehouse inventory help business managers decide how to best
control the costs associated with storing a product. When the right technology is in place,
executives can attend meetings over the Internet rather than at the company's
headquarters, saving time and money.

2. Do you think removing an element from the computer-based information system

will it affect its vital function to business managers? Why or why not?

Yes, because if we remove one of the elements in CBIS it won't be not

functionable. All the elements of CBIS are linked or coordinated to each other, therefore
all the elements of a CBIS are presently important to not affect its vital function and be
useful for business managers.

3. As future career takers on business companies, how do you see this computer-based
information system helps you improve the competitive business stand?

As a future career taker, a computer-based information system will help me to be

a more efficient and effective employee. For this reason, CBIS is helpful to a business; that is
why it is good to have knowledge in using it. Nowadays, businesses use technology, they are
hiring employees who are skilled in using computers or who have expertise on it. That’s why as
a future career taker, in having a competitive advantage is to have apprehension in technology.

4. Choose one type of CBIS, then cite specific scenarios where CBIS is most helpful.

Transaction Processing System

Cheque clearance
● Written order asking a bank to transfer an amount of money to an account
● People deposit them into their account
● Involves checking the person has the correct funds(takes up to 3 days)
● money is withdrawn when cheque has been cleared