The Software and Procedure Components of the IS Framework Are

question 5

Multiple Choice

The software and procedure components of the IS framework are both ________.

• A) actors
• B) sets of instructions
• C) the outermost components
• D) bridges between the human side and the computer side

Calculate the equivalent cash value of complex financial offers.

Understand the basics of mortgages including principal, interest rate, amortization period, and payment frequency.

Calculate mortgage payments given different interest rates and amortization periods.

Calculate the effects of changing interest rates on renewal of mortgages.

---

Definitions:

Computer-Assisted Design (CAD)

The design of components, products, and processes on computers instead of on paper.

Transformation Process

The method by which inputs (such as raw materials, information, or labor) are converted into outputs (products or services) by an organization.

Continuous Manufacturing Organizations

Companies that use continuously running assembly lines, creating products with many similar characteristics.