Unit 2 Part 4

What is essential for the long-term success of a company?

• Short-term profits

• Adequate strategic plans

• Employee satisfaction

• Market dominance

What must businesses properly manage to ensure success?

• Marketing strategies

• Existing and new information systems

• Customer feedback

• Product design

What is a consequence of not budgeting funds properly?

• Affecting other aspects of the organization

• Increasing employee satisfaction

• Reducing office space

• Decreasing product lines

What is a potential benefit of making decisions about the information system?

• Increased travel expenses

• Cost savings

• More paperwork

• Longer work hours

What question should be asked about the current information system regarding online meetings?

• Does it increase travel costs?

• Does it possess the technology to support this?

• Does it require more staff?

• Does it reduce office space?

What are the two main aspects associated with an Information System's Technology?

• Rewards and Risks

• Costs and Benefits

• Speed and Efficiency

• Security and Privacy

Why might impulse purchases of technology be considered dangerous for businesses?

• They are always outdated

• They can lead to financial instability

• They are always faulty

• They are too cheap

What type of business is The Kickstand?

• A bakery

• A bicycle shop

• A clothing store

• A coffee shop

What is Mike's long-term goal for his business?

• Hire more employees

• Increase his annual sales

• Reduce working hours

• Expand to a new location

What has technology helped businesses, organizations, and individuals do more?

• Slowly and unsuccessfully

• Efficiently and successfully

• Inefficiently and unsuccessfully

• Slowly and successfully