What Is Information Technology

question 24

Multiple Choice

What is information technology?

• A) A field concerned with the use of technology in managing and processing information
• B) The function of selling a good or service and focuses on increasing customer sales, which increases company revenues
• C) The function that plans for, develops, implements, and maintains IT hardware, software, and the portfolio of applications that people use to support the goals of an organization
• D) Includes the methods, tasks, and techniques organizations use to produce goods and services

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Definitions:

Optimum Performance

The highest level of efficiency and effectiveness that an individual or organization can achieve under specified conditions.

Year-to-Year Comparison

An analysis method comparing financial or operational performance of a company between two or more consecutive years to assess growth or decline.

Barriers to Entry

Obstacles that make it difficult for a new competitor to enter a market.

Mature Industry

An industry that has experienced long-term growth and is characterized by stability, a slow rate of growth, and fewer opportunities for new entrants.