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(Covers Modules 1 and 2)
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Question 1 (20 marks)
Multiple choice (2 marks each)
Note: For multiple-choice questions, select the best answer. Answer each question by giving the number of your choice. For example, if (2) is the best answer for item (a), write (a)(2) as your answer. If you provide more than one answer for a question, that question will not be marked. Incorrect answers will be marked as zero. No marks will be awarded for any explanations you may offer.
a. Which of the following statements about IT spending is true? 1. Firms spend more on IT than on all other forms of capital combined. 2. Firms spend less on IT than on