Discuss the Technological Progression of Information Systems from the 1950s

question 54

Essay

Discuss the technological progression of information systems from the 1950s to the present,with a particular focus on the evolution of networks and data networking.

---

Definitions:

Defective Merchandise

Defective merchandise refers to products that are damaged or fail to meet quality standards or specifications at the time of sale.

Gross Profit

The financial measure calculated by deducting the cost of goods sold from total sales revenue.

Selling Expenses

Costs associated with the marketing and distribution of a product, including advertising, sales staff salaries, and shipping costs.

Perpetual Inventory

An inventory management system that continuously tracks the quantity and value of inventory, updating records in real-time as transactions occur.