"The Information and Communications Technology (ICT)component Is at the Very

question 5

Multiple Choice

"The information and communications technology (ICT) component is at the very heart of the company's competitive advantage." Which of the following statements is the most accurate justification of this claim?

• A)Companies benefit from the cost savings made possible through information systems.
• B)Cost of implementing technology has increased over a period of time.
• C)Most businesses are involved in the sale of technical or technological services.
• D)Established players in a market favor creative destruction over sustaining technologies.

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Definitions:

Correlation Coefficients

A statistical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a stronger relationship.

Magnitude

A measure of the size, amount, or extent of something.

Direction of Relationship

The pattern or trend that describes how two variables are associated with each other in a correlational study, indicating whether they move together in the same or opposite directions.

Self-Reported Stress

The personal assessment and reporting of stress levels by an individual, often used as a measure in psychological studies.