The Biggest Measure of IT Success, However, Is Not Whether

question 30

True/False

The biggest measure of IT success, however, is not whether GM's in-house IT function is better than that of outside vendors, but whether it's better than that of its competitors.

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Definitions:

Average Merchandise Inventory

The mean value of a company's inventory over a certain period, calculated to assess inventory levels and cost of goods sold.

Turnover Ratio Calculation

A measurement that calculates how frequently an asset or portfolio is replaced or traded during a specific period.

Ending Inventory Balance

The total value of all inventory held by a company at the end of an accounting period.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.