ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Computer technology can be used by businesses to make many day-to-day decisions
A
True
B
Flase
Explanation: 

Detailed explanation-1: -Computers are used in a variety of ways in businesses, from generating reports to connecting with clients. The purpose of computers in organisations is to support crucial aspects of their operations, such as communication, record keeping, decision making, data analysis, and more.

Detailed explanation-2: -Computers can process information much faster than a human brain. One advantage to computers making decisions is that you will have decisions made faster and more accurately than a human brain, which may get hung up with different factors involving the decision, leading to slower overall results.

Detailed explanation-3: -Technology helps increase the efficiency of systems, products and services. It helps track and streamline processes, maintain data flow and manage contacts and employee records.

Detailed explanation-4: -Small businesses and enterprises can now easily receive more growth with the latest technologies and digital platforms. This is also one of the positive impacts of ICT in business. Businesses can flourish from local to international customers due to ease in communication links through the internet.

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