Define tangible costs and benefits. Give an example of each one.
What will be an ideal response?
Tangible costs are those that can be accurately projected by systems analysts and the business’ accounting personnel; for example, the cost of equipment, costs of resources, and cost of systems analysts’ time. Next, tangible benefits are advantages measurable in dollars that accrue to the organization through use of the information system; for example, increase in speed of processing, and getting information on a timelier basis than before.
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