Information Technology (IT)can Also Play a Key Role in Enhancing

question 75

True/False

Information technology (IT)can also play a key role in enhancing the value that a company can provide its customers and,in turn,increasing its own revenues and profits.IT is an activity within the support activities of general administration.

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Definitions:

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Owners

Individuals or entities that hold legal title and the rights of possession and use of property or goods.

Not-For-Profit Corporations

Organizations that use their surplus revenues to achieve their goals rather than distributing them as profit or dividends.

Shareholders

Individuals or entities that own shares in a corporation, thereby having ownership interest and potentially influence over the company.