Which of the Following Statements Is True of Enterprise Information

question 9

Multiple Choice

Which of the following statements is true of enterprise information systems?

• A) They are information systems that are shared by two or more independent organizations.
• B) The solutions to problems in these systems usually involve more than one department.
• C) Enterprise information systems typically support less than 100 users.
• D) They are called personal information systems if they support a particular business function.

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Definitions:

Business Entity

An organization created by one or more individuals to engage in business activities, structured as corporations, partnerships, sole proprietorships, or other forms.

Borrowed Money

Funds that an individual or entity has received from another party under the condition that it is to be repaid, typically with interest, at a later date.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owners' Equity, depicting a company's financial position at a specific point in time.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.