A Well-Designed ESS Will Allow Management To

question 14

Multiple Choice

A well-designed ESS will allow management to:

• A)create routine production reports as well as view overall business performance.
• B)facilitate group decision making.
• C)create pivot charts.
• D)analyze big data.
• E)track the activities of competitors.

---

Definitions:

Net Income

The amount of earnings remaining after all operational, interest, and tax expenses have been deducted from total revenue, reflecting the financial health of a company.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, reflecting the portion of sales that helps cover fixed costs and generate profit.

Fixed Expenses

Costs that do not fluctuate with the level of production or sales, such as lease payments and salaries of permanent staff.

Net Income

The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.