1 Introduction Virtual organizations are taking shape and expanding in all different aspects of our societies.Shannon [2], Pratt [3], Peters [4], Resnikoff [5], Dretske [6], and others [7, 8, 9] have their own definition of information.E-learning enables universities operate virtually, turning the entire globe to a classroom.He considers all other definitions as field-specific, and provides a discipline-independent definition of his own.For Losee, information is produced by all processes and it is the values of characteristics in the process' output that are information [10].Organizations are no longer limited by geographic borders.E-commerce and E-business enable companies operate globally on a limited physical resources.2.1 What is Information?