In the 1990s, Strategic Use of IT in Most Businesses

question 10

Multiple Choice

In the 1990s, strategic use of IT in most businesses turned inward to:

• A) intranets.
• B) reengineering business processes.
• C) ERP systems.
• D) Both B and C
• E) Both A and C

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Definitions:

Research and Development

Activities undertaken by a company to innovate and introduce new products or services, or to improve their existing offerings.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board that provides globally consistent financial reporting norms.

Inventory Write-Downs

An accounting process of reducing the cost of inventory that has declined in value below its original cost.

Net Profit Margin Ratio

A profitability measure that calculates the percentage of net income derived from total revenues.