Information Technology Refers to

question 109

Multiple Choice

Information technology refers to

• A)any information derived from a non-personal source.
• B)involving operating computer networks that can store and process data.
• C)any hardware used in collecting information to be used in market research such as scanners, telephones, voting machines, etc.
• D)the incorporation of electronic communications systems to connect an organization and its customers.
• E)the incorporation of electronic communications systems to connect an organization and suppliers and distributors.

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Definitions:

Conditions

The set of circumstances or criteria that affect financial decisions or the outcome of investments.

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.