In the 1970s, Business Technology Was Known as

question 167

Multiple Choice

In the 1970s, business technology was known as

• A) data processing.
• B) information processing.
• C) information technology.
• D) systems analysis.

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Definitions:

R&D Spending

Expenditures devoted to research and development in order to innovate, improve products, or discover new processes and technologies.

Rate of Return

A measure of the profitability of an investment, expressed as a percentage of the original investment.

R&D Spending

Research and Development (R&D) spending refers to the amount of money a company or country allocates towards research and innovation to develop new products, processes, or technology.