Which of the Following Statements Is True of Information Systems

question 15

Multiple Choice

Which of the following statements is True of information systems?

• A) Information systems include all business process activities.
• B) Every information system has at least one application.
• C) Information systems should be bought entirely off-the-shelf.
• D) Every business process should include at least one information system.

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Definitions:

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent or salaries.

Net Sales

Sales revenue less sales returns and allowances and less sales discounts.

High-Low Method

A technique used in management accounting and cost accounting to split fixed and variable costs based on the highest and lowest levels of activity.

Mixed Cost

Expenses that have both a fixed and variable component, changing with the level of activity.