A Strategic Information System Can Be Any Kind of Information

question 47

Multiple Choice

A strategic information system can be any kind of information system that uses information technology to help an organization _______________.

• A) gain a competitive advantage
• B) reduce a competitive disadvantage
• C) meet strategic enterprise objectives
• D) all of the choices are correct.

Explain the free-rider problem and how it influences the provision of public goods.

Recognize the inefficiencies in resource allocation associated with common resources and public goods.

Understand how the private market's response to nonexcludable and nonrival goods leads to market failure.

Analyze the role of government intervention in correcting market failures related to public goods and common resources.

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Definitions:

Credit Accounts

Accounts within financial accounting that are increased with a credit entry, carrying a balance that could be beneficial (revenue, gains) or detrimental (liabilities, expenses).

Journal Entry

A record in accounting that logs the debit and credit parts of a transaction in the financial records of a company.

Journal

A record where all financial transactions are initially recorded, using debits and credits, before being posted to individual accounts.

Increase Side

Refers to the side (debit or credit) of an account that is used to increase its balance, varying by account type.