Recent Lessons

Show all results for ""

Importance of Information Technology in Business

12 Questions

1 Views

Importance of Information Technology in Business

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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?

It can determine the success of a business in a global economy (C) Signup and view all the answers

How does IT influence modern life according to the text?

It raises important questions about data privacy and surveillance (D) Signup and view all the answers

Why do companies use IT during periods of growth?

To reduce operating costs and improve efficiency (B) Signup and view all the answers

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

Each technology advance contributes to a continuous, long-term process of change. (A) Signup and view all the answers

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

Revolutionizing the business world with punch card technology (D) Signup and view all the answers

Why has IBM been successful according to the text?

By adapting to its changing business environment (D) Signup and view all the answers

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

Investing in its people and hiring top talent (C) Signup and view all the answers

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

Enormous impact affecting various aspects of life (B) Signup and view all the answers

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

Constantly adapting to the changing business environment (A) Signup and view all the answers