Logic for business
0 likes110 views
The document outlines the concept of business logic, describing it as the rules or algorithms that govern the exchange of information between a database and user interface. It illustrates how business logic operates through examples, such as credit card transaction processing, and highlights the evolving nature of business production factors in a digital world. Overall, it emphasizes the importance of business rules in defining or constraining business operations.
Logic for business
- 1. JANUARY S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES LOGIC for Business Presentation by Primary Information Services www.primaryinfo.com
- 2. FEBRUARY S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 2022 NOTES
- 3. MARCH S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES
- 4. APRIL S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 2022 NOTES
- 5. MAY S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES
- 6. JUNE S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 2022 NOTES What Is Business Logic Business logic is the custom rules or algorithms that handle the exchange of information between a database and user interface. Business logic is essentially the part of a computer program that contains the information (in the form of business rules) that defines or constrains how a business operates. Such business rules are operational policies that are usually expressed in true or false binaries. Business logic can be seen in the workflows that they support, such as in sequences or steps that specify in detail the proper flow of information or data, and therefore decision-making. Business logic is also known as "domain logic."
- 7. JULY S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES Business Logic Example A credit card issuer's business logic may specify that out-of-state credit card transactions above a certain limit, say $500, be flagged as suspicious and the issuer contacted as soon as possible to confirm the authenticity of the transaction. The policy of flagging such a transaction is an example of a business rule; the actual process of flagging the transaction is an example of business logic. Given that millions of credit card transactions are conducted every single day, business logic enables such transactions to be checked and processed in an efficient and timely manner.
- 8. AUGUST S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES
- 9. SEPTEMBER S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 2022 NOTES Faulty Logic
- 10. OCTOBER S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES
- 11. NOVEMBER S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 2022 NOTES There are four factors of production – land, capital, labour, and entrepreneurship. In the past one needed all four to run a viable enterprise; however, in an increasingly digital and networked world, you may only need a combination of two or more for a business to thrive
- 12. DECEMBER S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2022 NOTES