A major contribution information technology makes to customer service is the ability to individualize service for customers

Indicate whether the statement is true or false.

Answer: TRUE

Business

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What annual rate of return must you earn to double your money in about 9 years? Use the Rule of 72 to determine your answer

A) You would need to earn an annual rate of return of about 12%. B) You would need to earn an annual rate of return of about 10%. C) You would need to earn an annual rate of return of about 8%. D) There is not enough information to answer this question.

Business

In 2015, Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Shaman Gupta, the director of information technology services, asked Ashlee Wells to come in and talk with

him about the system. Ashlee is a long-time employee of Singh, and her opinion is valued by her peers and by her supervisor. "So Ashlee, how's it going down there in the shop?" "Not so good, Shaman. Used to be we got a weekly pick list so we knew how to plan production. Now, we got that computer system. Most of the time we can't get all of the information that we need. Is there some way to print out a list that has everything that we need?" Shaman thought for a while before responding. "Well, Ashlee, to tell you the truth, I'm not so sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us build the system. Maybe they can help." Which of the following characteristics of useful information is absent in the situation described above? A) relevant B) reliable C) complete D) timely E) understandable F) verifiable G) accessible

Business