List and Briefly Explain the Components of an Information System

question 34

Essay

List and briefly explain the components of an information system with an example.

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Definitions:

Cost Formula

An equation used to determine the total cost of production, incorporating variable and fixed costs.

Wages and Salaries

Compensation paid to employees for their services, which can be based on time spent or tasks performed.

August

The eighth month of the year in the Gregorian calendar.

Cost Formula

An equation used to estimate costs, factoring in both fixed and variable components, typically for planning and budgeting purposes.