Which of the Following Statements Is True of Information Technology

question 102

Multiple Choice

Which of the following statements is true of information technology (IT) ?

• A) Information technology (IT) refers to the products, methods, inventions, and standards that are used for the purpose of producing information.
• B) Information technology is an umbrella term that covers information systems and the products, methods, inventions, and standards used to produce information.
• C) Information technology and information systems are synonymous with each other and can be used interchangeably.
• D) Information technology is an assembly of hardware, software, data, procedures, and people that produces information.

Grasp the techniques of production efficiency, such as lean production and flexible manufacturing.

Understand the financial aspects of operations, including break-even analysis and inventory management.

Recognize the importance of continuous improvement and innovation in maintaining a competitive edge.

Realize the significance of customer relationship management in contemporary business operations.

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Definitions:

Sales Revenue Approach

A method to recognize revenue based on the sales of goods or services, highlighting the importance of sales activities in generating income for the business.

Unadjusted Year End

The financial figures reported at the end of a fiscal year before any adjustments are made for accruals, deferrals, or other accounting entries.

Trial Balance

An accounting report that lists the balances of all ledgers accounts in order to verify that total debits equal total credits.

Factoring Arrangement Without Recourse

A financial transaction in which a business sells its receivables to a third party (a factor) at a discount, without the seller being responsible if the debtor fails to pay.