Applying IT to a Manual or Outdated Process Will _________

question 60

Multiple Choice

Applying IT to a manual or outdated process will _________:

• A)Minimize cycle time
• B)Not optimize the process
• C)Eliminate wasted steps
• D)Improve the outputs

---

Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Legal Dividend

A dividend that a company is legally allowed to distribute as determined by its net income or retained earnings.

Noncumulative Preferred Stock

A type of preferred stock that does not accumulate unpaid dividends; if a dividend is skipped, it is not required to be paid later.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but reinvested in the business or kept as a reserve.