Practice Reviewer PC226

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False