A(n) _________________________ Combines Information Technology, People, and Data to Support

question 54

Short Answer

A(n) _________________________ combines information technology, people, and data to support business requirements.

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Definitions:

Accounting Profits

The net income a company has after subtracting all costs and expenses from total revenue, as recognized in financial statements.

Opportunity Cost

The value of the next best alternative that is foregone as a result of making a particular decision.

Accounting Profits

The total revenues of a business minus the explicit costs, essentially the net income on the financial statements.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the quantity sold multiplied by the selling price.