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Process Input-Control-Output-Mechanism (ICOM) Model (Perform Personal Financial Management)

Process Input-Control-Output-Mechanism (ICOM) Model (Perform Personal Financial Management). Basic ICOM Model. CONTROL. PERFORM PERSONAL FINANCIAL MANAGEMENT (PROCESS). OUTPUT. INPUT. MECHANISM. Page 1 of 2. Process Input-Control-Output-Mechanism (ICOM) Model

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Process Input-Control-Output-Mechanism (ICOM) Model (Perform Personal Financial Management)

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  1. Process Input-Control-Output-Mechanism (ICOM) Model (Perform Personal Financial Management) Basic ICOM Model CONTROL PERFORM PERSONAL FINANCIAL MANAGEMENT (PROCESS) OUTPUT INPUT MECHANISM Page 1 of 2

  2. Process Input-Control-Output-Mechanism (ICOM) Model (Perform Personal Financial Management) Basic ICOM Model with Input, Control, Output, & Mechanism Examples CONTROL • Credit Card Limit • Item Size • Sale Discount • Approved Purchase Decision • Purchase Item • Item Price Tag MAKE CREDIT CARD PURCHASES (PROCESS ACTIVITY) OUTPUT INPUT • Purchase Decision Satisfied • Purchase Decision Not Satisfied • Item Purchased • Credit Card Receipt • Purchase Receipt • Shopping Bag w/Item • Item Not Purchased • Purchaser • Credit Card • Salesperson • Credit Card Reader • Credit Purchase Authorization System • Pen • Cash Register • Retail Inventory System • Shopping Bag MECHANISM Page 2 of 2

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