Please see attached instructions and notes.
Referencing not needed for for this project
Project for Chapter 2 Choose either Option A or Option B. Paper MUST be minimum of 500 words Option A Using one of the many financial apps (most of them are free) that are available for your tablet or smartphone these days, you can become your own banker. In fact, trips to the bank or even to an ATM could soon become a thing of the past. The new apps let you do all the functions that you could do on a bank’s Web site and more. For example, to deposit a check into your banking account, you can simply take a photograph of the front and back of the check, after which the app will ask you for the amount you want to deposit. Then you type the account number and then press “OK” to complete the deposit. With the Mint app (mint.com) from Intuit, you can even perform all sorts of analytics on your account. For example, you can establish a budget and keep track of the expenses in various categories, such as food, gas, and groceries. Another app that offers similar services is HelloWallet (hellowallet.com). Still other apps help you track and report work-related travel expenses. An example is an iPhone app called QuickShot. It allows you to take photos of your receipts, and the photos are automatically stored in an account on Dropbox, an Internet file-storage service. Banks, brokerage firms, and other financial institutions have developed their own apps that simplify their customers’ financial interactions with the institution. In addition, computers and robots are increasingly playing a role in the areas of finance and banking; for example, high- frequency trading in which bots account for up to 80 percent of the daily volume on the stock market and can buy and sell stocks in microseconds. Another growing application is the rise of the “robo advisor.” This is a method to automate the asset allocation of investments using a computer algorithm. When it comes to investing a typical investor has three choices: do-it-yourself, a robo advisor, or a financial advisor. Which option to choose depends on several factors such as the cost of the investment, age of the investor, amount of investment, his or her risk tolerance, and knowledge of investing. According to research, using “robo advisor” is certainly a viable choice. The three largest robo advisors by assets under management are Vanguard, Schwab Intelligent Portfolios, and Betterment. Some are fully automated, and some are run in human-assisted mode. 1. What technology is used when you deposit a check into your account using your smartphone and your banking app? 2. What are some examples of analytics that can be done using financial apps? OR Option B A local law firm needs your advice. It currently has 20 PCs being used by its attorneys and staff, and it is debating whether to use Google Apps for Work or Office 365 as its productivity tools. Write a two-page paper that summarizes your recommendation. What are two advantages and two disadvantages of each choice? Which alternative is less expensive? What are two advantages of Office 365 over traditional Office? PowerPoint Presentation Module 2 Computers and Their Business Applications Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Learning Objectives (1 of 2) Define a computer system, and describe its components Discuss the history of computer hardware and software Analyze the impact of the three factors distinguishing the computing power of computers Summarize the three basic computer operations Discuss the types of input, output, and memory devices Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Learning Objectives (2 of 2) Explain how computers are classified and their business applications Apply knowledge of two major types of software and their use in a business setting List the five generations of computer languages Define object-oriented programming Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Defining a Computer (1 of 3) A computer is a machine that: Accepts data as input Processes data without human intervention using stored instructions Outputs information Instructions (i.e., a program) are: Step-by-step directions for performing a specific task Written in a language the computer can understand Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Defining a Computer (2 of 3) Garbage in, garbage out (GIGO) If input data is erroneous, the information provided by the computer is also erroneous Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Defining a Computer (3 of 3) Writing a computer program Identify what needs to be done Plan a method to achieve the goal Select the right language Depends on the problem being solved and the type of computer being used A program is also called the source code Must be translated into object code, consisting of binary 0s and 1s Computer understands 0s and 1s of binary code as on or off signals Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Components of a Computer System (1 of 5) Hardware components Physical devices such as keyboards, monitors, and processing units Software components Programs written in computer languages Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Components of a Computer System (2 of 5) Central processing unit (CPU) is the heart of a computer; has two components: Arithmetic logic unit (ALU): performs arithmetic operations (+, –, *, /) and comparison or relational operations (<,>, =) Control unit: tells the computer what to do, such as instructing the computer which device to read or send output to Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Components of a Computer System (3 of 5) Computers can either have a single processor or multiprocessors Multiprocessing: use of two or more CPUs in a single computer system Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Exhibit 2.1 The Building Blocks of a Computer Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Components of a Computer System (4 of 5) Bus: link between devices connected to the computer Parallel or serial Internal (local) or external Disk drive: peripheral device for recording, storing, and retrieving information Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Components of a Computer System (5 of 5) CPU case: enclosure containing the computer’s main components Referred to as computer chassis or tower Motherboard: main circuit board containing connectors for attaching additional boards Usually contains CPU, basic input/output systems (BIOS), memory, storage, interfaces and expansion slots Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Exhibit 2.2 Components of a Computer System Bidgoli, MIS, 10th Edition. © 2021 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in