How do information systems improve business processes?
What will be an ideal response?
Organizations implement information systems to support, streamline, and sometimes eliminate business processes. Countless decisions are made about how each process should operate, what rules it should follow, how information should be handled from input to output, and especially how the information system will support the process.
Managers develop policies that affect information system processes and the systems can enforce those policies. A major policy category involves security. The steps in any process are affected by thousands of decisions people make, and these are influenced by the way people look at process improvements. Information systems help bring in these improvements.
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The account Allowance for Uncollectible Accounts is classified as a(n)
A) contra account to Uncollectible Accounts Expense. B) expense. C) liability. D) contra account to Accounts Receivable.
Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year: Direct materials used$5,000 Direct labor 7,000 Total factory overhead 5,100 Beginning work in process 3,000 Ending work in process 4,000
A. $13,600. B. $17,100. C. $12,000. D. $16,100. E. $18,100.
On January 1, 2017, Fargo Company purchased 30% of the common stock of Fairly Company for $80,000. The purchase was made at book value. Additional information for Fairly Company follows: Year Net Income Dividends Paid 2017 $20,000 $24,000 2018 60,000 42,000 ? On Fargo's books, what would be the balance of Investment in Fairly Company at December 31, 2018?
A. $104,000 B. $63,400 C. $84,200 D. $60,200
When introducing two people at a business function, you should
A) mention the younger one first if they are equal in rank. B) extend your hand and repeat your name clearly. C) use their first names only to avoid the problem of rank. D) present the lower-ranking person to the higher-ranking one.