All of the Following Statements Are True About Information Technology's

question 70

Multiple Choice

All of the following statements are true about information technology's impact on business firms except:

• A)it helps firms expand in size.
• B)it helps firms lower the cost of market participation.
• C)it helps reduce internal management costs.
• D)it helps reduce transaction costs.
• E)it helps reduce agency costs.

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Definitions:

Ethical Dilemma

A situation where an individual faces a difficult decision involving a moral conflict, requiring a choice between two or more equally undesirable alternatives.

Strategic Marketing Planning Process

A more comprehensive approach to planning marketing activities, which involves long-term visions and strategies to achieve competitive advantage and meet organizational goals.

GMO Label

A label on food products indicating that the item contains genetically modified organism ingredients, aimed at informing consumers about the genetic engineering status of their food.

Stakeholders

Individuals or groups with an interest or concern in a business or project, including investors, employees, customers, and suppliers.