ANSWERS: 1
  • Computers have revolutionized the world since the 1970s. The business world, in particular, has been affected. Indeed, much of today's business would not be possible to do without computers.

    Communication

    Computers allow instant communication across the globe, both through the Internet and through automated telephone connections. This allows both news and transactions to be transmitted in real time.

    Finance

    Financial transactions can take place by allowing banks to calculate how much money they are sending, and in what currency, and to transfer money in the form of information rather than sending actual cash.

    Simulations

    Businesses can perform complex simulations with computers that allow them to understand the impact of various decisions before making those decisions in the real world.

    Accounting

    It is far easier, faster and more accurate to calculate the finances of a business through software rather than to do so by hand.

    Automation

    Computers can automate tasks that used to be done manually, such as running machines that manufacture goods.

    Source:

    University of Pennsylvania

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