What Is the Single Most Important Criterion for the Success

question 126

Multiple Choice

What is the single most important criterion for the success of information systems?

• A)Consumers should be aware of systems development.
• B)Users should take ownership of their systems.
• C)Business managers should take care of all problems.
• D)Business managers should understand organizational change.

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Definitions:

Payback Period

The duration of time it takes for an investment to generate enough revenue to recover the initial cost of the investment.

Profitability Index

A measure used in capital budgeting to evaluate the profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.