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:

Banker's Acceptance

A short-term financial instrument issued by a company that is guaranteed by a commercial bank. It is commonly used in international trade.

Commercial Draft

An instrument used in international trade where the seller instructs the buyer to pay a specified amount of money at a specified time.

Carrying Cost

The total cost of holding inventory, including storage, maintenance, and insurance.

Managing Credit

The process of monitoring and controlling a person's or business's credit usage and payments to ensure financial stability and minimize risk of default.