________ Is a Tangible Benefit of Information Systems

question 9

Multiple Choice

________ is a tangible benefit of information systems.

• A) Improved asset usage
• B) Reduced workforce
• C) Better corporate image
• D) More information
• E) Improved resource control

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Definitions:

Single-Step Income Statement

An income statement format that totals revenues, subtracts expenses to find the bottom line, simplifying the presentation of net income.

Cost of Goods Sold

Costs that are directly associated with the manufacture of products a company offers for sale, including the expenses for labor and materials.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period.

General and Administrative Expenses

Overhead costs not directly tied to the production of goods or services, including salaries of executives, rent, utilities, and legal fees.