The Key to Linking What IT Does to Business Performance

question 1

True/False

The key to linking what IT does to business performance is to create an environment within which everyone thoroughly understands what measures are unimportant to the business and is not held accountable for those measurements.

Define and calculate productivity.

Know various manufacturing technologies and their impacts on productivity.

Recognize how to measure work performance and efficiency.

Understand the concept of the transformational chain in operations.

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Definitions:

Rent Expense

The cost incurred for using a property or space for business or residential purposes.

Contra Asset Account

An account that offsets or reduces the balance of a related asset account, used to record reductions or allowances, like accumulated depreciation.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, showcasing assets, liabilities, and shareholders' equity.

Accrued Salaries

Salaries that have been incurred but not yet paid, recognized as a liability on the balance sheet until paid to employees.