The Following Is a Good Example of Web Technologies Allowing

question 49

Multiple Choice

The following is a good example of web technologies allowing businesses to do what would otherwise be impossible:

• A) remote locations can be linked into head office in real time
• B) partners can be updated on supply chain issues
• C) data can be communicated rapidly and cost-effectively
• D) the geographic region for sales can be expanded
• E) all of the above

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Definitions:

Sample Information

Data or facts obtained from a subset of a larger population, used for the purpose of statistical analysis or estimation of parameters of the entire population.

Expected Monetary Value

A statistical technique used in decision-making to calculate the average outcome when the future includes scenarios that may or may not happen.

Expected Payoff

Expected Payoff is a term often used in economics and finance to describe the average outcome of a set of uncertain events, considering each possible outcome and its probability.

Perfect Information

A situation in which all participants have access to all the information needed to make an informed decision.