Describe accurate information. Why is an information system that provides accurate information crucial to an organization?

What will be an ideal response?


Good information is accurate information, which is based on correct and complete data, and it has been processed correctly as expected. Accuracy is crucial; business professionals must be able to rely on the results of their information systems. The IS function can develop a bad reputation in an organization if a system is known to produce inaccurate data. In such a case, the information system becomes a waste of time and money as users develop work-arounds to avoid the inaccurate data.

Business

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Explain how a firm benefits from customers who make multiple purchases versus customers who make just one purchase

What will be an ideal response?

Business

The salesperson contacts the customer for the first time in the ________ step of the creative selling process

A) preapproach B) prospect C) approach D) presentation E) qualify

Business

________ is a crime in which one person gives another person money, property, favors, or anything else of value for a favor in return

A) Battery B) Bribery C) Larceny D) Embezzlement

Business

If a firm's current ratio _____, its liquidity _____.

A. increases; increases B. increases; decreases C. decreases; increases D. increases; remains the same

Business