Management Notes

Reference Notes for Management

Bus Topology – Meaning, Advantages, Disadvantages, Examples and Comparison | Network Topologies

Bus Topology

An architecture in which all devices are connected by a single cable known as the bus is known as a bus topology. The bus allows data to be transmitted and received between devices. In offices, schools, and other small to medium-sized networks, this type of topology is commonly used for local area networks (LANs).

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System Development Life Cycle (SDLC) Models – 7 Major Models of SDLC | Management Information System

System Development Life Cycle (SDLC) Models

System Development Life Cycle (SDLC) Models

A System Development Life Cycle (SDLC) is a framework for software development, which includes the following types:

  • Waterfall Model: The linear sequential model should be used for projects with well-defined requirements and a limited scope. It is typically used for projects with well-defined requirements.
  • Agile Model: Iterative models are best suited to projects with rapidly changing requirements and high levels of uncertainty. This model allows for flexibility and constant adaptation to changing requirements.
  • Spiral Model: Waterfall and Agile are combined in this process, where development takes place in multiple iterations. Each iteration involves risk analysis, design, and implementation.
  • V-Model: Each phase of the development process is represented by a V shape in this graphical representation of the Waterfall Model.
  • Incremental Model: A software development model is iterative, where each increment builds upon the previous one.
  • Rapid Application Development (RAD) Model: Rapid prototyping and iterative development are emphasized in this model for developing software quickly.
  • Prototype Model: In this model, a working prototype of the software is quickly developed, and then refined and updated based on feedback from users. A project’s specific needs determine which SDLC model to use, since each model has its own strengths and weaknesses.

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Phases of System Development Life Cycle (SDLC) – 9 Major Phases in SDLC | Management Information System

Phases of System Development Life Cycle (SDLC)

Phases of System Development Life Cycle (SDLC)

A System Development Life Cycle (SDLC) is a systematic methodology for developing information systems. It describes a set of guidelines and processes that are followed to develop high quality software. By using the SDLC, you can ensure the final product meets the stakeholders’ requirements and provides a roadmap for the development process.

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Difference between Decision Support System (DSS) and Management Information System (MIS) – DSS Vs MIS | Management Notes

Difference between Decision Support System (DSS) and Management Information System (MIS)

Difference between Decision Support System (DSS) and Management Information System (MIS)

A Decision Support System (DSS) is a computer-based system that helps decision-makers make informed decisions. It provides decision-makers with access to relevant data and allows them to analyze that data in a flexible and interactive way.

Users can usually explore different what-if scenarios and compare the results of different decision options with a DSS. By doing so, users can make informed, strategic, and tailored decisions.

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Which technologies combine to make data a critical organizational asset

Which technologies combine to make data a critical organizational asset

Which technologies combine to make data a critical organizational asset

(a) The practice of penetration testing and intelligence
(b) Machine Learning and Artificial Intelligence (AI)
(c) Speech Processing and Natural Language Processing (NLP)
(d) Electronic devices and the Internet of Things (IoT).

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ATM Full Form – Concept, History, Types, Advantages & Disadvantages of ATM | Management of Technology

ATM Full Form

ATM Full Form

ATM stands for Automated Teller Machine which makes managing money easy for bank account holders because it is a specialized computer. This allows them to check their balances, withdraw or deposit money, transfer money from one account to another, print a statement of account transactions, and even buy stamps.

By inserting a debit or ATM card in the machine and entering a Personal Identification Number (PIN), one can access the services above 24 hours a day, 7 days a week.

The first ATM was installed in June 1967 on a street in Enfield, London at a branch of Barclays Bank, credited to a British inventor named John Shepherd-Barron.

Different social contexts played an important role in furthering the cause of ATMs across different countries in the 1960s and 1970s. As a result of their arrival, the banking industry was radically transformed, as were the relationships between banks and their customers.

The automated teller machine (ATM) can also be known as an Automatic Banking Machine (ABM) which allows the users to complete basic transactions without any help from bank representatives. Basically, there are two types of automated teller machines (ATMs).

The basic account allows the users to only draw cash and receive a report of their account balance. Then there is a more complex machine that accepts deposits, processes payments through credit cards, and reports account information.

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Which of the following forms of data mining assigns records to one of a predefined set of classes?

Which of the following forms of data mining assigns records to one of a predefined set of classes?

Which of the following forms of data mining assigns records to one of a predefined set of classes?

(A) Classification
(B) Clustering
(C) Both A and B
(D) None

The correct answer for the given question is Option (B) Clustering

Clustering is the form of data mining that assigns records to one of a predefined set of classes. It is a method of unsupervised learning, which means that it does not require a labeled dataset. Clustering is used to group data points that are similar to each other and to find hidden patterns in data. It is also used to cluster large datasets for easier analysis.

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Which statement describes an extended star topology?

Which statement describes an extended star topology?

Which statement describes an extended star topology?

Options

A) End devices connect to a central intermediate device, which in turn connects to other central intermediate devices.
B) End devices are connected together by a bus and each bus connects to a central intermediate device.
C) Each end system is connected to its respective neighbor via an intermediate device.
D) All end and intermediate devices are connected in a chain to each other.

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