What is the difference between information systems and information technology?
What will be an ideal response?
While information systems process data into information, the know-how, methods, tools, and material used to support information systems constitute information technology. What is collectively called information technology is actually composed of one or more processing units and three systems: communication, data management, and control.
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Wild Bill's Cap Emporium offers to produce hats and caps according to customers' requests. Wild Bill's utilizes a(n):
A. analytic system. B. just-in-time system. C. intermittent process. D. continuous process.
If a firm undertakes a project with ordinary cash flows and estimates that the firm has a positive NPV, then the IRR will be:
A) less than the cost of capital. B) greater than the cost of capital. C) greater than the cost of the project. D) cannot be determined from this information