It will adversely affect the managerial functions. The accountants department working in the organization depends largely on the data, along with the finance department, as the modern market changes rapidly. This will affect the marketing of the product, because if the information is not present when required, it will result in a decrease in company's profits. It will affect the performance of the organization. Along with that it will spoil the flow of the business.
Question 2
Information Technology
It is a system which is used to manage the information (Snyman et.al, (2008), pp. 123-127) regarding business; using the software's installed on computer systems.