Information Systems That Focus on Operational and Managerial Applications in Support

question 128

True/False

Information systems that focus on operational and managerial applications in support of basic business functions, such as accounting, are known as strategic information systems.

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Definitions:

Rate Of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Microfinance

Microfinance encompasses financial services like loans, savings, insurance, and fund transfers targeted at low-income individuals or groups who lack access to traditional banking services.

Lending

The act of giving money to another party with the expectation that it will be repaid with interest.

Capital Flight

The sudden and large-scale withdrawal or transfer of money or assets out of a country, often in response to economic or political instability.