Critical Thinking Questions Case 1-1

question 62

Multiple Choice

Critical Thinking Questions Case 1-1
Mark is given the responsibility of setting up a method for distributing information at the university where he works.
Mark's assignment changes and he needs to develop a solution for the finance office at the university. He will need to allow vendors to submit their bills online and to check if the university has paid their bills. Which of the following technologies is the best choice for him?

• A)Intranet
• B)Extranet
• C)Internet
• D)Vendornet

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Definitions:

Restrictive Policy

Economic policies implemented to reduce inflation, stabilize currency, or restrict credit growth through measures such as increasing interest rates or reducing government spending.

Flexible Policy

A strategy or approach that is adaptable and able to change in response to external conditions or new information.

Short-Term Bank Loans

Borrowings from banks that are scheduled to be repaid within a year.

Reserve Inventory Storage Costs

Expenses associated with storing unsold merchandise or materials that a business holds in reserve beyond its immediate operational needs.