Assignment report Essay Example | Topics and Well Written Essays - 2500 words

Assignment report - Essay Example It is an inter-disciplinary field that requires expertise from business management, resource management, statistics etc. Access to organized and structured form of information yields a lot of opportunities for businesses- it not only saves time from researching and organizing information collected from eclectic sources, but it also facilitates in making the decision process easier and less time consuming. The aim of this paper is to explore the role of effective management skills in libraries, information systems and virtual teams, specifically those operating in the construction industry. The paper discusses how each one is managed, and gives an overview of funding and marketing in library and information systems. Information systems, abbreviated as IS, is the department that is in charge of the management of computers, data and networking. It can be of different types depending on the needs of the business and the level of organizational hierarchy. They can be either structural databases or software to manage information. An information system is responsible for the compilation of date so that it becomes meaningful information. Information and data differ in the respect that data is raw facts whereas information is the end product of the process of transformation of data into a more organized and meaningful form. Information helps a firm evaluate and make decisions. The assessment of a firm’s management apropos to the efficient and profitable use of firm’s resources is usually made on the basis of economic performance obtained from information on periodic earnings (Epstein et al., 2009).The value and worth of information affects the decisions of the organization and profoundly influences the achievement of the aims of the company. Good information is relevant, usable, reliable and exhaustive. Since information helps companies make decisions and put it into action,

The Risks, Costs, and Benefits of Consumer Loan Options and Steps Research Paper

The Risks, Costs, and Benefits of Consumer Loan Options and Steps Needed To Control Costs - Research Paper Example 1.1.2 Cost of Consumer Loans There are a number of costs associated with consumer loans. These include interest, carrying charges and installment price. Before banks issues loan facility to customers, there should be a clear calculation on the amount of money to be recovered on installments basis, as well as, the amount of interest payable. All these are dependent on the amount of loan offered to the customer, the repayment period, income of the customer and interest rates as set by the financial institution. 1.1.3 Benefits of Consumer Loans One of the benefits of consumer loans is that it helps in servicing short term financial needs such as home improvements, vacations, emergency bills and wedding. It is also considered to offer security to customers. So long as an individual have acceptable credit history, the person becomes eligible for consumer loans. Similarly, a person can also use consumer loan facilities to clear previous debts thus helps in improving credit rating. Consumer loans can be used in asset acquisition. In addition, no security or collateral is required in this form of loan facility. Given that it does not require referees and other collaterals, consumer loan application takes shorter time. Finally, people poor credit history also offered the opportunity to access consumer loan facilities. 1.1.4 Steps Needed To Control Costs Consumer Loans. One of the initial steps in controlling cost of consumer loans is by adopting positive spending behavior and controlling both short term and long term personal expenditures.