Information Technology (IT)can Also Play a Key Role in Enhancing

question 75

True/False

Information technology (IT)can also play a key role in enhancing the value that a company can provide its customers and,in turn,increasing its own revenues and profits.IT is an activity within the support activities of general administration.

---

Definitions:

Balance Sheet

An outline of a company’s financial status, detailing assets, liabilities, and the equity of its shareholders, at a precise time.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

The costs incurred during the operation of a business, which may include payments to suppliers, salaries, and utility bills.