Jeff, the CEO of Francostico Inc

question 149

Multiple Choice

Jeff, the CEO of Francostico Inc., decides to set up a system that would help its managers with decision making. To design this system, his programmers ask skilled and proficient managers to explain how they solve problems. Then, they devise a program to mimic the specialists' approach, incorporating various rules or guidelines that the specialists use. In this scenario, Jeff seeks to develop a(n) _____ for the managers.

• A) business intelligence system
• B) data warehouse
• C) cybermediary
• D) expert system

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Definitions:

Revenue

The total income generated from the sale of goods or services related to a company's primary operations.

Break-Even Point

The stage at which total costs and total revenues are exactly equal, meaning no profit nor loss is being made, having no net effect on the financial position.

Break-Even Volume

The quantity of goods or services sold at which total revenues equal total costs, resulting in neither profit nor loss.

Fixed Costs

Fixed costs refer to the expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.