Business Processes Should Never Drive MIS Choices and Should Be

question 25

True/False

Business processes should never drive MIS choices and should be based on business strategies and goals.

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Definitions:

Merit-pay Plans

Are compensation plans that formally base at least some meaningful portion of compensation on merit.

Compensation Plans

Formalized programs developed by organizations to determine how employees are remunerated for their work, including salaries, bonuses, and benefits.

Relative Value

A measurement that assesses the worth of a good or service in comparison to other goods or services.

Stock-purchase Plans

programs that allow employees to buy shares of their company's stock, often at a discounted price, as part of their benefits.