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The Evolving Global Economy

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Questions and Answers

How much will American businesses spend on information systems hardware, software, and telecommunications equipment in 2012?

$650 billion

$1.19 billion

$1.19 trillion

$540 billion (correct)

Between which years did private business investment in information technology grow from 32 percent to 52 percent of all invested capital?

1980 and 2020

1990 and 2010

1980 and 2011 (correct)

1990 and 2020

What is the main focus of the $650 billion that American businesses will spend on business and management consulting and services?

Purchasing information systems hardware

Redesigning firms' business operations (correct)

Improving telecommunications equipment

Investing in information technology

What is the potential outcome if managers make wise choices regarding their firm's investment in information technology?

Their firm can outperform competitors Signup and view all the answers

What is the potential outcome if managers make poor choices regarding their firm's investment in information technology?

They will waste valuable capital Signup and view all the answers

What percentage of all invested capital did private business investment in information technology grow to between 1980 and 2011?

52 percent Signup and view all the answers

What are American businesses expected to spend on information systems hardware, software, and telecommunications equipment in 2012?

$540 billion Signup and view all the answers

How much are American businesses expected to spend on business and management consulting and services in 2012?

$650 billion Signup and view all the answers

What is the potential outcome for firms that make wise choices regarding their investment in information technology?

They can outperform competitors Signup and view all the answers

What is the potential outcome for firms that make poor choices regarding their investment in information technology?

They will be wasting valuable capital Signup and view all the answers