Bank Customers Can Now Access 24-Hour Information Systems and Monitor

question 63

Multiple Choice

Bank customers can now access 24-hour information systems and monitor their accounts without employee assistance.This is an example of how information technologies have

• A) reduced the capacity for customization.
• B) increased collaboration.
• C) created leaner,more efficient operations.
• D) provided new business opportunities.
• E) created greater independence of company and workplace.

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Definitions:

CPM Network

A project management tool that uses critical path method to model tasks and their dependencies in a project to determine the optimum project schedule.

Crashing

A project management technique used to shorten the schedule duration for the least incremental cost by adding resources to critical path tasks.

Crash Cost

The additional cost incurred to reduce the duration of a project activity or the entire project.

Normal Duration

The typical time it takes to complete an activity or task under normal circumstances, without any delays or accelerations.