Mizzou ACCTCY 2037 - Group Study Guide (16 pages)
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Group Study Guide
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- Pages:
- 16
- School:
- University of Missouri
- Course:
- Acctcy 2037 - Accounting II
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Unformatted text preview:
Accounting 2258 Study Guide Lesson 1 The uses of computers in society 1 1 1 3 1 4 Understand how computers are used for communicating and e commerce o The primary personal use of computers is to aid in communication with other people and retrieve information available online o It provides the foundation for personal online interaction business transactions and entertainment Email the first widely used communication service and although it predated the Internet it remains immensely popular today It is used to communicate with friends colleagues and businesses Instant messaging various programs allow instant communication among individuals and groups Programs and networks that operate in real time deliver text voice and video anywhere in the world Instant messaging is consistent with the anytime anywhere culture that social scientists say has evolved Social networking the more recent development in personal communication Networks like MySpace and Facebook allow people to maintain communities of friends who share photos journals and interests They can increase a persona s circle of friends and increase exposure to people with less than friendly intentions o E commerce the use of internet and other electronic technologies through which businesses communicate and negotiate with customers Disintermediation the removal of supply chain intermediaries E commerce depends on the use of communication protocols such as Electronic Funds Transfer EFT and Electronic Data Interchange EDI to enable transaction automation The supply chain The online real time environment provided by the internet enables numerous Supplier Supplier Manufac Manufac turer turer Wholesa Wholesa ler ler Retailer Retailer Buyer Buyer opportunities to successfully manage the supply chain Instead of going through traditional distribution channels companies may now deal directly with their customers via the internet E Commerce Model Cutting out the middleman has long been the objective The rise of E commerce on
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ACCTCY 2037: Appendix A Notecards
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