Correct Answers Graded A+ 2026
Updated.
What does it mean to leverage IT in business? - Answer Using IT tools and systems
strategically to achieve greater business goals. To maximize the potential of technology to
enhance operations, improve efficiency, and gain a competitive advantage, often by automating
tasks, accessing data insights, and connecting with customers more effectively.
What is Supply Chain Management? - Answer A network of businesses, individuals,
organizations, resources, and activities that are involved in creating and delivering a product or
service to a customer.
How is IT an integral part of Supply Chain Management? - Answer It coordinates between
suppliers and buyers.
How is IT an integral part of the IT supply chain? - Answer IT system connects between
supplier and buyer allowing for real-time communication and data sharing.
Explain "Just In Time". - Answer A supplier can track buyer's needs making sure products are
produced and delivered when needed, minimizing inventory cost and maximizing production
efficiency.
Define Extranet. - Answer An intranet that can be partially accessed by authorized outside
users.
What are the five core business departments? - Answer Accounting
Research and Development
Human Resources
Production or Operations
Marketing
How does the accounting department use IT? - Answer The accounting department
measures and provides financial information about an organization. It uses IT to obtain updated
sales information, process AR/AP, and requires a network system to operate.
How does the research and development department use IT? - Answer The research and
development department keep business growing through innovation. It uses IT to gather
insights on competitors, market performance, and recognize trends.
,How does the human resource department use IT? - Answer The human resources
department manages the employee life cycle. It uses IT to hire/terminate employees and for
electronic training materials.
How does the production/operations department use IT? - Answer The
production/operations department prepares goods and services to be sold. It uses IT by
obtaining orders, maintaining inventory, and making material orders.
How does the marketing department use IT? - Answer The marketing department promotes
the business's products/services. It uses IT through data analytics for market research and web-
based promotions.
What is GAAP? - Answer Generally Accepted Accounting Principles: accounting rules for
preparing, presenting, and reporting financial statements so an organization and its investors
can have a standard set of reports regarding a business's well-being.
What is the Sarbones-Oxley Act of 2002 (SOX)? - Answer Mandates certain practices in
financial record keeping and reporting for corporations. Banned company loads to executives
and provides job protection to whistleblowers.
What impact does IT have on SOX? - Answer SOX requires companies to implement robust IT
systems and controls to ensure the accuracy and integrity of financial records, which means IT
plays a critical role in achieving compliance with SOX regulations by facilitating the tracking,
monitoring, and safeguarding of financial data across the organization.
How does IT impact Production? - Answer IT helps augment decision-making when deciding
what goods/services to produce, how to produce them, and the most efficient, cost-effective
way to maximize profits.
What are Goods? - Answer Merchandise or possessions.
What are Services? - Answer The action of helping or doing work for someone. Includes
assistance and giving advice.
What is the impact of IT on Research and Development? - Answer By facilitating data
collection, analysis, simulation, collaboration, and communication, enabling researchers to
conduct experiments more efficiently, access vast amounts of information quickly, and develop
new insights and innovations at a faster pace.
What is brainstorming? - Answer Collaborative thought exercise.
, What is Basic Research? - Answer Exploration of new ideas and possibilities that may or may
not be implemented in the business.
What's an example of how IT enhances basic research? - Answer Searching the internet for
research and analyzing public information on people's habits, wants, needs, and desires.
What is Applied Research? - Answer Applied Research is focused on developing a
commercial product or process to meet customer or industry requirements and needs.
What's an example of how IT enhances applied research? - Answer Determining possibilities
through simulations.
What is Development Research? - Answer Findings of research are used for production of
products.
What's an example of how IT enhances development research? - Answer Creating
prototypes and production samples.
What's an example of how IT enhances marketing? - Answer Data mining and business
intelligence both lead to targeted marketing campaigns.
What is Search Engine Marketing? - Answer Paid advertisements that appear on search
engine result pages to improve a company's visibility.
What is SERPs? - Answer Search Engine Result Pages:
a page a search engine displays after a user enters a search query. Includes organic search
results, pay-per-click ads, images, videos, and shopping suggestions.
What is Search Engine Optimization? - Answer A process of improving the quality and
quantity of website traffic to a website or web page from search engines.
What is Organic Search Results? - Answer Calculated algorithmically based on keyword
relevance, content quality, and site authority. Not affected by advertiser payments.
What is Human Resources? - Answer HR responsibilities are compliance with employment
laws and regulations, managing compensation and benefits, addressing grievances, and
maintaining healthy work environments.