15 Questions
What can a firm use information technology to achieve?
To manage regional and global business expansion or to diversify and integrate into other products and services
What can be improved dramatically using information technology?
The efficiency of business processes and the quality of products and services
What can a firm build using information technology?
A strategic information base of all the information collected
Why might companies not want to wait too long before investing in information technology?
Because it would be tough to catch up later once you get behind your competitors
What do some experts argue about the use of information technology?
It has become a strategic necessity
Information technology is defined as only hardware and software in an academic term.
False
A company can use information technology to reduce the cost of business processes and increase the costs of customers or suppliers.
False
In today's business environment, technology is an afterthought in forming business strategy.
False
A firm can use information technology to create new products or services but not make radical changes to business processes.
False
Investing in information technology is not necessary for a firm to maintain its business competitiveness.
False
A firm can use information technology to create a physical organization of business partners.
False
The use of information technology is only a strategic advantage and not a strategic necessity.
False
A firm can use information technology to manage only regional business expansion.
False
Information technology can improve the efficiency of business processes and the quality of products and services, but not dramatically.
False
Firms can easily catch up with their competitors if they wait too long to invest in information technology.
False
Test your understanding of information technology and its role in improving organizational efficiency. This quiz covers the benefits, opportunities, and investment considerations of IT in businesses.
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