PC 226 Chapter 1 Quiz (Day)

Business professionals can no longer hide in a functional silo within a company.

In the business world, information technology and Information Systems play a pivotal role.

Customers expect quality service, accurate and timely delivery of orders, and a well-run organization behind the flashy Web site.

All business professionals must share common information, information that is collected centrally and made available via integrated Information Systems to all company users.

Business process owners, business professionals are also evaluators of the IS.

The business professional is also a user of the IS to perform functions

Managers choose to sacrifice maximum attainment of individual goals or values for achievement of a higher goal.

To obtain accurate information, we may carefully and methodically prepare the information, thus sacrificing its timeliness.

The benefits and sometimes the costs of information are often hard to measure.

Many companies use perpetual inventory balances for most of the year, or estimate their inventory balances based on sales or past years’ levels.