Briefly describe the five IT waves of innovation
What will be an ideal response?
Wave 1: Reducing Costs ? Achieve clerical and administrative savings by automating manual processes
Wave 2: Leveraging investments ? Effective use of corporate assets to increase profitability
Wave 3: Enhancing products and services ? Shift use of IT to produce revenue by gaining strategic advantage or by creating entirely new businesses.
Wave 4: Enhancing executive decision making ? Create real-time business management systems.
Wave 5: Reaching the customer ? Restructure the industry by creating new businesses using the Internet, e-commerce and wireless technologies.
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In general, an incidental beneficiary has no enforceable contract rights because she was not intended to have such rights.
Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) If the lease is deemed to be a true lease, the firm is assumed to have effective ownership of the asset and the asset is protected against seizure. B) Although the legal ownership of the asset resides with the lessor, in a non-tax lease the lessee receives the depreciation deductions. C) The treatment of leased property in bankruptcy will depend on whether the lease is classified as a security interest or a true lease by the bankruptcy judge. D) In a non-tax lease, the interest portion of the lease payment is interest income for the lessor.