What are the three methods to obtain a new information system? What is a turnkey system?
What will be an ideal response?
Answer: The three methods to obtain a new information system are purchasing new software, developing software in-house (either by development staff or by the system end-users themselves), or hiring an outside company to create a system. A turnkey system is a software and hardware package, which is complete and ready to be used "at the turn of a key." Vendors for turnkey systems primarily specialize in a particular industry.
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The asset turnover ratio measures ________
A) how efficiently a business uses its sales to finance the assets B) how efficiently a business uses its average total assets to generate sales C) how efficiently a business uses its net profit to finance the assets D) how the ending inventory helps increase the value of assets
The United States is an example of a country that follows a fixed exchange-rate system
Indicate whether the statement is true or false