In Order to Compete Successfully in the Future,businesses Must Design

question 125

Multiple Choice

In order to compete successfully in the future,businesses must design information systems that:

• A)improve current business methods.
• B)are less reliant on electronic communications.
• C)are flexible enough to adapt to,and take advantage of,continuous change.
• D)generate and distribute more information to all employees within the organization.

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Definitions:

Long-term Notes

Financial obligations or loans with a repayment period extending beyond one year, often used for significant purchases or investments.

Periodic Payments

Regular payments made over a specified period, such as those for leases, loans, or installment purchases.

Operating Line of Credit

A type of financing arrangement providing a business with the ability to borrow money up to a certain limit for operational purposes.