Business Intelligence (BI) Systems Have Only Four of the Five

question 28

True/False

Business intelligence (BI) systems have only four of the five components of an information system: hardware, software, data, and people.

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Definitions:

Activity Costs

Activity costs are the expenses associated with specific activities in a business, including manufacturing, marketing, or any other operational function, used in activity-based costing methods.

Selection Criteria

The specific qualifications, competencies, and experience that are considered necessary for successfully performing the duties of a particular job or role.

Communication Systems

Tools, processes, and technologies used to facilitate the exchange of information among people and devices.

Geographical Location

The specific physical place where a company is situated, which can significantly impact its operations and market reach.