An Example of a Business Using Information Systems to Create

question 56

Multiple Choice

An example of a business using information systems to create new products and services is

• A) Wal-Mart's RetailLink system.
• B) the Mandarin Oriental hotel's customer-preference tracking system.
• C) Verizon's Web-based digital dashboard.
• D) Apple Inc.'s iPod.

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Definitions:

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

US GAAP

The Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of standards and procedures that companies must follow in their financial reporting.

CPA Canada Handbook

A comprehensive guide that includes standards and guidelines for financial and management accounting practices in Canada.