quiz 2 OI for test 3

What is an example of a direct cost associated with implementing an information system?

• Training employees

• Increased efficiency

• Competitive advantage

• Enhanced decision-making

Which of the following is an example of an intangible benefit of an information system?

• Reduced operational costs

• Increased customer satisfaction

• Hardware expenses

• Software licensing fees

Which cost is associated with the ongoing maintenance and support of an information system?

• Initial investment cost

• Hardware costs

• Software development cost

• Operational cost

What is an example of an indirect cost associated with implementing an information system?

• Increased productivity

• Hardware maintenance

• Software licensing fees

• Employee training

Which benefit of information systems involves improving the quality and accuracy of information?

• Enhanced decision-making

• Increased efficiency

• Improved communication

• Cost reduction

Which of the following best describes the economic impact of Information Systems (IS)?

• Minimizing operational costs

• Maximizing marketing efforts

• Reducing legal compliance

• Enhancing organizational hierarchies

Information Systems contribute to economic growth by:

• . Reducing technological advancements

• Streamlining business processes

• Discouraging digitalization

• Decreasing data security

How do Information Systems affect a company's profitability?

• By increasing inefficiencies

• By reducing customer engagement

• By optimizing decision-making processes

• By decreasing product quality

What economic advantage can Information Systems provide to businesses?

• Slower response to market changes

• Improved resource allocation

• Reduced need for skilled employees

• Higher production costs

How do Information Systems impact the global economy?

• By hindering international trade

• By promoting isolationism

• By facilitating global communication and trade

• By decreasing economic interdependence