Which of the Following Is a Critical Responsibility of Business

question 17

Multiple Choice

Which of the following is a critical responsibility of business professionals in using information systems?

• A) protecting the security of a system and its data
• B) reprogramming a system to meet changing needs
• C) creating and modifying a system's databases
• D) building and configuring additional networks

Identify how managerial accounting information is used for evaluating employee performance and making strategic decisions.

Distinguish between internal and externally imposed benchmarks in assessing performance.

Understand various metrics such as material price variances and operating income, and their applications in different departments.

Understand the role and effectiveness of the balanced scorecard as a strategic performance management system.

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Definitions:

Retail Store

A physical location where consumers can purchase goods or services directly from a business.

Market Segments

The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and needs.

Principal Criteria

The main or most important standards used to evaluate options or make decisions.

Market-Product Grid

A tool for analyzing market segments by mapping out their size and growth potential against specific products and services.