The Outermost Components of the Symmetrical Five-Component Framework of an IS

question 63

True/False

The outermost components of the symmetrical five-component framework of an IS are data and procedures.

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Definitions:

Value Resources

These are assets or materials that are considered important or beneficial for a company or individual to achieve economic success or meet economic needs.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.

Transfer Payments

Payments made by the government to individuals, without requiring any service or goods in return, such as social security or unemployment benefits.