Subject: Entrepreneurship Protecting Idea and Other Legal Issues Questions With Answers Group A: Very Short Questions 1. (2023 Spring Q.NO. 6) (2019 Fall Q.NO.9) Differentiate between licensing and franchising in brief. Answer: The differences between licensing and franchising are as follows: Licensing Franchising It allows use of a brand or idea, like a logo or … Read more
Telecommunication networks provide value to businesses by improving communication, reducing costs, and enabling global reach. They allow employees to connect instantly through calls, emails, and messaging, boosting collaboration. By using tools like VoIP and video conferencing, businesses save on travel and phone expenses. Additionally, these networks help businesses operate globally, connecting with clients and teams … Read more
Online Transaction Processing (OLTP) OLTP systems are used for everyday tasks like recording sales, updating customer details, or processing orders. They focus on fast, real-time data processing. Online Analytical Processing (OLAP) OLAP systems are used for analyzing large amounts of data to make business decisions. They focus on summarizing and analyzing historical data for insights. … Read more
Information Technology Information Technology (IT) has transformed education by making learning more accessible, interactive, and effective. IT uses tools like computers, the internet, and software to enhance teaching and learning. For example, students can access online resources such as e-books, videos, and educational apps anytime, anywhere. Platforms like Google Classroom and Zoom allow teachers to … Read more
Data Data refers to raw, unprocessed facts or figures that are collected from various sources. It can be in the form of numbers, words, measurements, observations, or even symbols. For example, the temperature readings of a city over a week (like 25°C, 30°C, 22°C) or a list of student names in a class are examples … Read more
KDD stands for Knowledge Discovery in Databases. It is the process of finding useful information from large amounts of data. The goal is to discover patterns and relationships in the data that can help in decision-making. Steps in KDD Process KDD helps businesses, scientists, and researchers make better decisions based on data. Essential Components and … Read more
Data mining is the process of discovering patterns, trends, and useful information from large sets of data. It involves using tools and techniques like statistics, machine learning, and database systems to analyze data and turn it into meaningful insights. For example, a retail store might use data mining to identify which products are frequently bought … Read more
What is Hospitality Information System? Hospitality Information Systems are specialized tools and software used by businesses in the hospitality industry, such as hotels, restaurants, and travel agencies, to manage their operations efficiently. These systems help streamline tasks like reservations, guest services, inventory management, and billing, making it easier for businesses to provide excellent customer experiences. They … Read more
Some organizations use Management Information Systems (MIS) better than others. The success or failure of MIS depends on different factors. These include technology, management support, data quality, and employee training. A good MIS helps organizations make better decisions and work more efficiently. However, if it is not managed properly, it can cause problems, waste resources, … Read more
An Information System (IS) is a system that collects, stores, processes, and shares information to help people and businesses make decisions. It includes computers, software, people, and processes that work together to manage data efficiently. Difference Between Waterfall Model and Prototyping Model Feature Waterfall Model (Step-by-Step) Prototyping Model (Trial and Improve) Process Follows a step-by-step … Read more