Sondra Needed Help

question 144

Multiple Choice

Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently use or purchase an entirely new system? Sondra was confused and needed help in making the correct decision.
-According to the decision-making process, the first step Sondra should take is to ________.

• A)analyze alternative solutions
• B)identify decision criteria
• C)evaluate her decision's effectiveness
• D)identify the problem

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Definitions:

Automatic Insertion Machine

Machinery used in manufacturing processes to automatically place components onto printed circuit boards or into other assembly units.

Average Rate of Return

A financial ratio used to evaluate the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost, typically expressed as a percentage.

Straight-Line Depreciation

A strategy for apportioning the cost of a concrete asset into equal yearly sums throughout its serviceable life.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.