_____ Is an Operational Requirement of a Global Information System

question 57

Short Answer

_____ is an operational requirement of a global information system (GIS) that includes accounting and financial data,manufacturing updates,inventory,and so forth.

Recognize the impact of competitive differentiation and consumer orientation on business strategies.

Identify the effects of globalization on business operations, including offshoring and global workforce management.

Describe the role of technology and social media in modern business practices.

Understand the historical transformations in business practices, from the Industrial Revolution to present-day orientations toward consumer satisfaction and diversity.

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Definitions:

Vault Cash

Physical money, including coins and paper currency, that banks and other financial institutions hold in their vaults as part of their reserves.

Reserve Deposits

Reserve Deposits are funds that commercial banks hold in reserve, either in their vaults or deposited with a central bank, to meet regulatory requirements and ensure liquidity.

Federal Reserve Bank

The central banking system of the United States, responsible for managing the country's monetary policy and regulating its financial institutions.

Reserve Requirement

The minimum amount of reserves that banks are required to hold by law, usually a percentage of their deposits, to ensure bank liquidity.