The Term "Information Technology" Refers to All of the Components

question 100

True/False

The term "information technology" refers to all of the components and resources necessary to deliver the information and functions of a system to an organization.

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Definitions:

Cost Reduction

The process or strategy of reducing the amount of money required to produce goods or services without compromising on quality, often through efficiencies, economy of scale, or re-negotiation of contracts.

Process Improvement

The proactive task of identifying, analyzing, and improving upon existing business processes within an organization to optimize performance and meet new quotas or standards of quality.

Bonus

A form of supplemental pay given to employees as a reward for their performance or for special occasions.

Autonomous Groups

Independent entities or organizations that operate without direct control by any governing body or external authority, often characterized by self-management.