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Assessment item 1 back to top ICT in Business Value: 6% Due Date: 18-Mar-2019 Return Date: 08-Apr-2019 Length: 500 Submission method options: N/A - submission not required/applicable Task back to top...

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Assessment item 1
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ICT in Business
Value: 6%
Due Date: 18-Mar-2019
Return Date: 08-Apr-2019
Length: 500
Submission method options: N/A - submission not required/applicable
Task
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Journal Entry. The Journal function in Interact2 must be used. External journal sites are not permitted. If your country geo-blocks Interact2 website or your circumstance prevents you from accessing the Internet (eg. due to a disability or if you are in a co
ectional centre), please contact your lecturer immediately. If it is an office/organisation firewall preventing access, you must find an alternative Internet access point to complete this task.
Warning: Entering or editing data in this journal entry after 2359 hours on 18 March will result in deduction of marks (as specified in Penalties for Late Submission).
Describe in about 500 words the usage and value of information and communication technology in the everyday business operation of a financial institution .
Write this in your journal entry on Interact2. Substantiate your claim above (importance/impact role of communication in a business/education), with references to similar cases available in journals which explains the value of this information to the organisation. You may include information of any one or more section of the business (eg. communication, article handling, sorting and delivery process, human resources, web interface for customers, vehicle maintenance, etc). This task must be completed by the date due – when the marker will access the published site.
Rationale
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This assessment task will assess the following learning outcome/s:
· be able to describe the role of information and communication technologies in organisational activities.
· be able to explain the value of information to an organisation.
This task meets Learning Outcomes 1 & 2:
Students will :
e able to describe the role of information and communication technologies in organisational activities;
e able to explain the value of information to an organisation.
Marking criteria and standards
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    Criteria
    HD
    DI
    CR
    PS
    FL
    Be able to create a journal entry co
ectly in Interact2
    Entered journal entry co
ectly in Interact2 following the Presentation Guide given.
     
     
     
    Did not create journal entry as specified
    Possible Marks
    0.5
     
     
     
    0
    Be able to identify the role of communication in the selected business
    Described the business
iefly and accurately identify the role of communication technology/ies in the business
     
     
    Only particially identified role of communication in the business
    Unable to identify or provide the role of communication
    Possible Marks
    1.0
     
     
    0.5
    0
    Be able to provide three references which explain the value of this information to an organisation
    Provision of three journals which explain the value of this information to the chosen organisation. Cited co
ectly.
    Provision of three journals which explain partially the value of this information to the chosen organisation; may not be cited co
ectly
    Provision of three articles (not all journals) which may explain the value of this information to the chosen organisation
    Provision of three websites which explain the value of this information to the chosen organisation
    Did not provide three articles; did not reference or quote co
ectly
     
    2.0
     1.6
    1.3
    1.0
    0
    Be able to use, cite and reference using APA 6th edition format
    Appropriately referenced and quotes used co
ectly. Co
ectly formatted Reference List
    Appropriately referenced and quotes used. Minor e
ors found in Reference List
    May not be referenced accurately in-text or quoted in APA Sixth Edition format. Minor e
ors in Reference List
    Multiple e
ors in the use of in-text citation and in Reference List
    APA not used in citation and/or Reference List.
    Possible Marks
    2.5
    2.0
    1.75
    1.25
    0
This first assessment is an early engagement exercise. This is to ensure students have checked-in and are ready to begin work. Please do not judge the amount of time you have completed this assignment for future work.
Answered Same Day Mar 18, 2021

Solution

Soumi answered on Mar 19 2021
144 Votes
Running Head: ASSESSMENT ITEM 1 — ICT IN BUSINESS                1
ASSESSMENT ITEM 1 — ICT IN BUSINESS                         5
ASSESSMENT ITEM 1 — ICT IN BUSINESS
Table of Contents
Usage of Information and Communication Technology (ICT)    3
ICT in Business    3
Value of ICT in Financial Institution    4
References    5
Usage of Information and Communication Technology (ICT)
Considering cu
ent market scenario and the foundations, on which business stands, Information and Communication Technology (ICT) emerges as a very important field. Since today’s formula for business is innovation; therefore, adopting innovation is not possible without ICT. ICT covers every product that is electronically linked to technology and it provides ease to access. As mentioned by Nguyen, Newby and Macaulay (2015), ICT is meant to reduce the labour and increase profit when applied to any business. Not only this, ICT also provides other features such as management, decision-making, staff training and much more.
ICT in Business
Business is all about trading goods and profit earning, anything that delays this process or produce hindrance in between leads to loss or decreased potential profit. As mentioned by Roztocki and Weistroffer (2015), ICT in business can be categorised into two
oad categories—
Traditional Computer Based Technologies
This includes all those processes or works that are done on a computer such as balance sheet...
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