Which of the Following Is a Characteristic of Enterprise Information

question 50

Multiple Choice

Which of the following is a characteristic of enterprise information systems?

• A) They do not document procedures since the procedures are simple and informal.
• B) They are shared between two or more independent organizations.
• C) They typically have hundreds to thousands of users.
• D) They are highly open to change.

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Definitions:

Compounded Monthly

Describes interest on an investment or loan that is calculated and added to the principal balance monthly, allowing for the interest to earn interest.

Guaranteed Investment Certificate

A secure investment that guarantees to return the principal amount along with a fixed rate of interest at the end of the investment term.

Interest

The cost of borrowing money, calculated as a percentage of the total amount borrowed.

Compounded Annually

Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.