Importance of Information Technology in Business
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Questions and Answers

What does information technology (IT) encompass?

  • Only services
  • Both hardware and software (correct)
  • Only software
  • Only hardware
  • How does information technology impact business success?

  • It is crucial for business success (correct)
  • It has minimal significance for business success
  • It can lead to failure in business
  • It has no impact on business success
  • Why do companies prioritize IT budgets even during economic downturns?

  • To increase manual labor
  • To invest in marketing campaigns
  • To improve efficiency and reduce operating costs (correct)
  • To reduce IT spending levels
  • What role does information technology play in a global economy?

    <p>It can determine the success of a business in a global economy</p> Signup and view all the answers

    How does IT influence modern life according to the text?

    <p>It raises important questions about data privacy and surveillance</p> Signup and view all the answers

    Why do companies use IT during periods of growth?

    <p>To reduce operating costs and improve efficiency</p> Signup and view all the answers

    What is the main message about technological advancement in the field of IT?

    <p>Each technology advance contributes to a continuous, long-term process of change.</p> Signup and view all the answers

    What was one of IBM's early contributions to the business world?

    <p>Revolutionizing the business world with punch card technology</p> Signup and view all the answers

    Why has IBM been successful according to the text?

    <p>By adapting to its changing business environment</p> Signup and view all the answers

    What is one of IBM's strategies for maintaining its success?

    <p>Investing in its people and hiring top talent</p> Signup and view all the answers

    How does the text describe the impact of information technology on our lives?

    <p>Enormous impact affecting various aspects of life</p> Signup and view all the answers

    What is highlighted as a key driver leading to IBM's success?

    <p>Constantly adapting to the changing business environment</p> Signup and view all the answers

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