Which of the Following Statements Is True About Information Systems

question 50

Multiple Choice

Which of the following statements is true about information systems (IS) and information technology (IT) ?

• A) IT programs have a stronger managerial focus than IS programs.
• B) IS programs have a stronger data retrieval capacity than IT programs.
• C) Software and telecommunications are present in IS but excluded from IT.
• D) The difference between IT and IS is increasing due to globalization.
• E) IT programs are more technical than IS programs.

Identify possible outcomes in decision-making problems and understand the consequences of different decisions.

Calculate and understand the concept of opportunity loss.

Understand how to use the Expected Opportunity Loss (EOL) for making optimal decisions.

Comprehend the construction and application of payoff tables in decision-making scenarios.

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Definitions:

Implied Authority

Authority of an agent that is not explicitly stated but is assumed to be granted in order to perform acts necessary to fulfill the purpose of an agency relationship.

Winding Up

The process of concluding a company’s operations, settling its liabilities, and distributing remaining assets to shareholders.

Novation

The act of replacing an existing contract with a new one, where a new party takes over rights and obligations that were originally held by one of the initial parties.

RUPA

The Revised Uniform Partnership Act, which is a set of laws intended to govern the operations of partnerships in the United States.