Business-Friendly Data Models
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If a system is to support an enterprise’s business information requirements, a necessary part of the design process is effective review of the design by appropriate business stakeholders. For such review to be effective, the design documentation provided to those stakeholders (“the business model”) must:
be complete, i.e. depict all information in which business stakeholders are interested
not depict any information in which business stakeholders have no interest (“noise”) which distracts or confuses reviewers, reducing review effectiveness.
Business online course
Information about business:
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
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