Information Technology Is Any Computer-Based Tool That People Use to Work

question 160

Short Answer

Information technology is any computer-based tool that people use to work with ____________ and support the information and information processing needs of an organization.

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Definitions:

Excise Tax

A tax levied on specific goods, services, or activities, such as tobacco, alcohol, and gasoline, usually to discourage use or generate revenue.

Consumers

Individuals or entities that purchase goods and services for personal use.

Soda

A carbonated soft drink, often flavored and sweetened.

Laffer Curve

A representation of the relationship between tax rates and the amount of tax revenue collected by governments, suggesting an optimal tax rate that maximizes revenue without deterring economic activity.