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Communication Networks and Information Technology (Scenario)
Michelle has been hired as information systems manager at Prestige Furniture, a fast-growing producer of fine home furnishing products. To date, the company has successfully integrated modern production technology into its manufacturing facilities. Now, Michelle's task is to find ways to apply technologies that will improve communication and the flow of information throughout the organization.
-Michelle observed that the current office facilities were quite old and workers had their own private offices which required substantial renovations.She decided to suggest that the renovations focus on ________ in order to help employees be visible to one another and thus improve communications.
NPV
An evaluation method used to assess the profitability of an investment by calculating the difference between its current cash inflows and outflows, discounted to their present values.
IRR
Internal Rate of Return represents a financial measure for assessing the potential profitability of investments.
Marginal Cost
The cost added by producing one additional unit of a product or service.
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