Organizations Continually Face the Need for New,faster,and More Reliable Ways

question 84

Multiple Choice

Organizations continually face the need for new,faster,and more reliable ways of obtaining information.One reason why companies change their systems is to increase quality,quantity,and the speed with which information can be accessed and processed.Such an improvement may result in an improved product or service and may help lower costs.This change is referred to as a(n)

• A)competitive advantage
• B)improved business process
• C)productivity gain
• D)technological change

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Definitions:

Excellent

A term used to describe something of very high quality.

Quantitative Data

Information that can be measured and written down with numbers, including any data that is about numeric variables.

Numeric

Relating to, consisting of, or denoting numbers, often used to describe data types that can be quantified and manipulated mathematically.

Non-Numeric

Qualitative data or information that cannot be quantified or expressed as numbers.