Which of the Following Is an Example of a Business

question 69

Multiple Choice

Which of the following is an example of a business using information systems to improve customer and supplier intimacy?

• A)Walmart's RetailLink system
• B)The Mandarin Oriental's use of computers to keep track of guest preferences
• C)Verizon's use of a web-based digital dashboard to provide real-time company information for managers
• D)Apple's creation of the iPad
• E)PCL Construction's use of cloud computing

Understand the role and examples of different factors of production in the economy.

Grasp the concept of diminishing returns and its implications for economic growth.

Distinguish between physical capital and human capital.

Understand the concept of constant returns to scale in production functions.

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Definitions:

Income Tax Expense

The total amount of income tax a company or individual owes to the tax authorities for the current fiscal year.

Cost Method

An accounting approach used for investments where the investor has little to no influence over the investee, with the investment recorded at its acquisition cost.

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants.

Goodwill Impairment

A financial charge that occurs when the book value of goodwill exceeds its recoverable amount, indicating the asset is not as valuable as previously thought.