Information Technology Can Help Entrepreneurs in All of the Following

question 99

Multiple Choice

Information technology can help entrepreneurs in all of the following ways EXCEPT

• A) project a professional image.
• B) provide improved customer service.
• C) work quickly and efficiently.
• D) ensure financial success.

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Definitions:

Target Cash Balance

The optimal amount of cash that a company aims to maintain to handle its operational and transactional needs.

Carrying Costs

The total expenses associated with holding or maintaining an asset over time, including storage, insurance, and taxes.

Holding Cash

Maintaining a portion of one's assets in liquid cash form to meet immediate needs or prepare for future expenses or investment opportunities.

Total Costs

The complete amount of expenses incurred by a business or project, including both fixed and variable costs.