Information Technology That Links the Various Processes of the Company

question 59

Multiple Choice

Information technology that links the various processes of the company into a single comprehensive information system is called

• A)customer relationship management.
• B)distribution chain.
• C)total quality management.
• D)cost of quality.
• E)enterprise resource planning.

Acknowledge the complexity and interdisciplinary nature of economics.

Understand the concept of opportunity cost and how it is measured.

Identify the factors influencing opportunity cost and its relevance to decision-making.

Apply the principles of opportunity cost and comparative advantage to real-life scenarios.

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Definitions:

Retail Industry

A sector of the economy that consists of individuals and companies engaged in the selling of finished products to end user consumers.

Positive Earnings Surprises

Occurs when a company's reported earnings exceed analysts' expectations.

Abnormal Return

The difference between the actual return of an investment and the expected return given its risk profile and market performance.

Price Drift

The slow and incremental movement in the price of an asset, reflecting gradual changes in investors' valuation over time.