Define Social Media and Social Media Information Systems

question 31

Essay

Define social media and social media information systems. Name the three SMIS organizational roles.

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Definitions:

Non-competition Clause

A provision in a contract that prohibits a party from entering into competition with another party for a certain period of time and within a specific geographical area.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform under a contract.

Penalty Unenforceability

The legal concept that a penalty clause within a contract may not be enforceable if it is deemed excessively punitive rather than a genuine pre-estimate of loss.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform certain obligations of a contract.