alleryStart learning →Why can a business not operate without information?
ABecause information is the cheapest asset it holds
BBecause orders, inventory, and customers are all data
CBecause information is required for tax purposes only
DBecause information replaces the need for employees
Answer & Solution
Correct answer: B. Because orders, inventory, and customers are all data
1. Information is at the heart of all organizations.
2. Without information about orders, products, inventory, scheduling, shipping, customers, suppliers, and employees, a business cannot operate.
3. The point is about running the business, not about tax reporting.
4. Information supports employees rather than replacing them.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 13 "Using Technology to Manage Information", section 13.1 Transforming Businesses through Information_
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