What Is the Difference Between Information Technology and Information Systems

question 75

Essay

What is the difference between information technology and information systems? Describe some of the functions of information systems.

Identify the conditions under which public sector strikes are allowed or prohibited.

Grasp the historical context and impact of strikes on the American labor movement.

Recognize the strategic uses of lockouts by employers in response to strike threats.

Understand the economic and informational theories behind why strikes occur.

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Definitions:

Process Costing

A costing method used in industries where production is continuous and units are identical, assigning costs to units of product based on the process they go through.

Inventory

An asset that represents the total amount of goods and or materials a company holds for sale or production in the normal course of business.

Equivalent Units

A concept in process costing that converts partially completed units into a number of equivalent full units.

Direct Method

An approach used in cost accounting or cost allocation in which costs are directly assigned to cost objects, such as departments or products, without any allocation of indirect costs.