Which of the Following Best Illustrates the Strategic Use of IT

question 62

Multiple Choice

Which of the following best illustrates the strategic use of IT?

• A)maintaining the IT systems of a company
• B)establishing a data center to store key information
• C)transforming the business model of an organization
• D)licensing the software that a company will use

---

Definitions:

Adjusting Entry

Accounting records produced at the conclusion of a financial period to distribute earnings and expenditures to the timeframe in which they were genuinely incurred.

Accrued Expense

An expense that has been incurred but not yet paid, leading to a liability on the balance sheet.

Net Income

The final earnings tally for a company after subtracting all costs and tax charges from its revenue total.

Adjusting Entry

A journal entry made at the end of an accounting period to record revenues and expenses in the period in which they actually occurred.