A Major Advantage of a Computerized System Is

question 11

Multiple Choice

A major advantage of a computerized system is:

• A)information that is common to all accounts is entered only once.
• B)it replaces the need for record storage.
• C)reports will not have to be customized.
• D)all software programs work the same way,so that extensive training is not needed.

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Definitions:

BCG Matrix

A strategic business tool developed by the Boston Consulting Group to help organizations with portfolio management, analyzing business units or product lines based on their market growth rate and market share.

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Per-Unit Costs

The total expense incurred to produce, store, and sell one unit of a product or service, including material, labor, and overhead costs.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.