Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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By understanding the structure of the organization for which our software team is to provide a solution, we can better identify our stakeholders.
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- When a firm invests in new technology, the _____________________ that the firm receives are _____________________. Question 45 options: private benefits; only a portion of the overall social benefits social benefits; only a portion of the overall private benefits private benefits; about three-quarters of the economic benefits social benefits; about one-third of the overall private benefitsarrow_forward3.) Compile a hypothetical list of stakeholders’ needs. Stakeholder Wants (“Whats”) System Attributes (“Hows”)arrow_forwardQUESTION 20 Integrating transaction processing systems (TPS) with ERP allows organizations to streamline services but does not reduce labor costs. Ⓒ True O False QUESTION 21 Organizations are using artificial intelligence in their data and network security policies to deal with the increase in cybersecurity threats and the decrease of the effectiveness of traditional security means. True False QUESTION 22 Project management software systems integrate the management of nearly all aspects of an organization. Ⓒ True False QUESTION 23 Project scheduling and financial transaction analysis are two functions provided by project management (PM) software. True O Falsearrow_forward
- Question 27 This functional area is generally concerned with managing the business, checking business performance, and border management functions. O Sales Administration O Marketing O Finance Question 28 This organization is fast, flexible, and lean, and it's a model that many companies want to copy. Machine organization Entrepreneurial organization O Innovative organization O Divisional organizationarrow_forwardThe self-directed work team is composed of individuals who areassigned a cluster of tasks, duties and responsibilities to be accomplished.Question 10 options: True Falsearrow_forwardQuestion 22 Lead time is the time between when an order is ________ and when it is ________. Group of answer choices submitted, delivered submitted canceled delivered, submitted returned, cancelledarrow_forward
- Companies that invest in their people will create long-lasting competitive advantages that are difficult for other companies to duplicate Question 12 options: True Falsearrow_forwardQuestion 1. Read the case below about Square, Inc then answer the following questions TRUE/FALSE In October 2015, amid rising fears about the security of credit card transactions, financial institutions and businesses made the transition to using chip cards. Unlike the quick swipe of a magnetic stripe on the back of traditional credit and debit cards, chip cards have to be left inside the terminal while the embedded chip verifies the transaction. While there is no consistent method for measuring transaction speed, news agencies report average chip speeds of anywhere from 8 seconds to 13 seconds. The switch to chip readers was precarious, with many businesses taping over the chip card slots in the terminals until the kinks were worked out. Even after a year, some businesses still could not process chips and continued to utilize the magnetic stripe for transactions. Financial institutions thought the additional security benefits of the chips would overshadow the added wait times. Yet…arrow_forwardQuestion 1arrow_forward
- Every organization has certain functional areas, for example divisions, departments, marketing, IT. Question 27 options: True Falsearrow_forwardAt Jill's Custom Cakes, Jill realized after the shop opened that there are enough ovens to bake 12 cakes at a time but only enough space to decorate 4 at a time. This demonstrates the importance of ______. Question 13 options: A) quality planning B) layout planning C) location planning D) capacity planning E) methods planningarrow_forward15 "Customer is our first priority" is an example of A) policy B) rule C) procedures D) value E) all of the abovearrow_forward
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