Which of the Following Is an Internally Identified Problem in Information

question 91

Multiple Choice

Which of the following is an internally identified problem in information systems?

• A)Changes that the system will bring to the economy
• B)Suppliers noting inefficiency in the inventory control procedure
• C)Management voicing concern about the organization's lack of a competitive edge in the marketplace
• D)Government regulations that need to be followed by the system for its approval in the global marketplace

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Definitions:

Statement of Financial Position

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, also known as a balance sheet.

Unrealized Profit

Unrealized profit refers to a profit that has been earned but not yet received or recorded through a transaction, often observed with investments that have increased in value but haven't been sold.

Consolidated Financial Statements

are financial statements that aggregate the financial position and results of an entity and its subsidiaries, presenting them as a single economic unit.

Ending Inventory

The total value of all inventory that a company has on hand at the end of its fiscal year, including goods ready for sale and those still in the production process.