Intro to Bus – Class 4, Essay Example

Q1. What is the purpose of U.S. copyright laws?

A1. The purpose of U.S. copyright laws is to protect the creations of original creators in all forms whether pictures, movies, works of art, writings, software, or musical creations. The copyright laws give legal protection to the creators against unauthorized reproduction or use of their creations.

Q2. Why did many early dot-coms fail?

A2. The early dot-coms fail because they were built on unproven business models and ideas with little value. They over emphasized the importance of building a brand at the expense of working and profitable business models that create value for the owners of the business.

Q3. What is the Internet? The World Wide Web?

A3. The Internet is an information system that links many computers together but on a global scale. The World Wide Web is the global network that links all the websites within the internet.

Q4. What is the purpose of an MIS?

A4. The purpose of an MIS or Management Information System is to process, store, organize, and present data in a manner that is useful for the decision making processes.

Q5. What is information technology and in what areas has it especially affected the economy?

A5. Information technology is a collection of processes and applications that create new methods to solve problems, perform tasks, and manage communication. The areas where it has especially affected the economy are productivity, employment, and working environments.

Assignment 2: You are starting a small business, determine what computer equipment you need, price the equipment and justify the purchase

Ans. I am starting a small financial services and brokerage firm. I will need desktops, notebook computers, tablet computers, and business servers. Desktop and notebook computers will cost under $1,000 each where as tablet computers such as an IPad will cost around $500. I will also need a business server such as a Bloomberg Terminal that will cost me around $3,000 in monthly fees or about $36,000 per year.

Desktop computer will be needed for office use and are more efficient due to larger monitors and more ergonomic keyboards. Notebook computer is mainly intended for commute work and while serving senior customers at their residences. Tablet computer is a more portable solution than notebook computer for assessing news and information during commute work when work will not involve software use with heavy data input such as Microsoft Office suite. As a business that involves provision of financial and investment services, Bloomberg Terminal is an essential need and the worldwide standard for financial information in different investment categories such as equities, bonds, and derivatives.