Which of the Following Best Describes the Primary Reason for Implementing

question 28

Multiple Choice

Which of the following best describes the primary reason for implementing a new information system,from a business perspective?

• A)The system enables the firm to create new products and services.
• B)The system will create new value for the firm,beyond its costs.
• C)The system will automate key business processes.
• D)The system is in use by our primary competitors.
• E)The system integrates well with the Web.

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Definitions:

Vendor's Invoice

An itemized bill provided by a supplier indicating the products or services provided, their quantities, and prices.

Inventory System

A method or software used by organizations to track inventory levels, orders, sales, and deliveries.

Physical Inventory

A process where a business counts its entire inventory by hand at a specific point in time to verify stock quantities.

Cost Flow Assumption

An accounting method used to value inventory and determine the cost of goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).