What Is the First Thing You Should Consider When Thinking

question 28

Multiple Choice

What is the first thing you should consider when thinking about building an international information system?

• A)the state of world politics
• B)look for new technologies that will help you achieve your goals
• C)consider the global environment where your business will operate,and identify the business drivers for your firm and industry
• D)the business challenges you face in the global environment
• E)the different computing and communication standards in the world

---

Definitions:

Basket of Goods

A selected set of products and services used to measure changes in prices and inflation over time.

Deflation

A decrease in the general price level of goods and services, often indicative of a reduction in the supply of money or credit in the economy.

Real Interest Rate

The interest rate recalibrated to factor in inflation, showcasing the real expense of borrowing or the legitimate profit from saving.

Nominal Interest Rate

The nominal interest rate, which reflects the raw rate of interest prior to being adjusted for inflation and represents the apparent value of financial dealings.