Which of the Following Statements Is TRUE of Workgroup Information

question 60

Multiple Choice

Which of the following statements is TRUE of workgroup information systems?

• A) Workgroup information systems that support a particular department are called enterprise information systems.
• B) Workgroup information systems that support a particular business function are called personal information systems.
• C) The users of workgroup information systems are defined by levels of security authorization.
• D) Workgroup information systems that support a particular department are sometimes called departmental information systems.

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Definitions:

Amortized Loan

An amortized loan is a loan where the principal is paid down over the life of the loan, typically through equal payments.

Present Value

The equivalent value today of cash flows or a sum of money anticipated in the future, using a predetermined return rate.

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Interest Rate

Interest rate is the percentage charged by a lender to a borrower for the use of assets, adjusting for the cost of credit or the return on investment.