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IT Organizations Implement Powerful Information Systems Like ERP and SCM

question 9

Multiple Choice

IT organizations implement powerful information systems like ERP and SCM that provide centralized data repositories.In addition,IT organizations provide business units with tools that individuals can use to report on and analyze collected data.This IT governance approach is best described as: ________.


Definitions:

Rescission

The act of canceling or annulling a contract, returning the parties involved to their positions prior to the agreement.

Nominal Damages

Monetary damages awarded to a plaintiff in a very small amount, typically $1 to $5, to signify that the plaintiff has been wronged by the defendant even though the plaintiff suffered no compensable harm.

Actual Damages

Financial compensation awarded to a plaintiff to recover losses directly resulting from a defendant's actions.

Substantial Performance

A level of performance of a contract deemed acceptable even if it does not comply with all terms, due to substantial compliance with the contract.

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