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Information Technology Consists of All the Hardware That a Firm

question 20

True/False

Information technology consists of all the hardware that a firm needs to use in order to achieve its business objectives, whereas information systems consists of all the hardware AND software needed.


Definitions:

Warranty Liability

The legal obligation of a seller to ensure the goods or services sold meet certain quality and performance standards.

Dishonor

The refusal or inability to pay a bill of exchange or fulfill a financial obligation when due.

Presentment

The formal presentation of a financial instrument, such as a check, for payment.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the disposition of assets to pay creditors.

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