Why Do Students Need to Study Information Technology

question 161

Multiple Choice

Why do students need to study information technology?

• A) Information technology is everywhere in business.
• B) Information technology is rarely discussed in business.
• C) Information technology is rarely used in organizations.
• D) Information technology is found in only a few businesses.

Understand how mixed costs behave in response to changes in activity level.

Differentiate between variable and fixed costs, including their behavior within the relevant range.

Identify cost classifications within a company's cost structure.

Recognize the fixed, variable, mixed, and step-variable costs in manufacturing and merchandising companies.

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Definitions:

Organically-grown Produce

Fruits and vegetables cultivated without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs).

Grass-fed Beef

Beef from cows that have been fed only grass and forage throughout their lives, as opposed to grain-fed or conventionally raised counterparts.

Global Retailer

A retail company that operates outlets in multiple countries, offering products and services to a worldwide customer base.

Lifestyle Improvements

Enhancements or changes in habits and actions that contribute to a more satisfactory, healthy, or affluent way of living.