Technology Experts in the Area of Process Design

question 9

Multiple Choice

Technology experts in the area of process design:

• A) work to make sure systems are easy to use.
• B) leverage technology to make firms more efficient.
• C) specialize in technology for competitive advantage.
• D) focus on systems dealing with critical business data.
• E) provide direction on technology-related security issues.

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Definitions:

Planning Technique

A systematic method or approach used in preparing and executing plans or strategies to achieve desired objectives.

Household Savings

The portion of disposable income not spent on consumption of goods and services, often stored for future use or investment.

Firm Investment

The allocation of resources by a business towards assets, projects, or innovation intended to spur future growth or production.

Present Discounted Value

The value of a stream of future payments discounted at an interest rate.