A Specific Form of IT That Managers Use in Order

question 61

Multiple Choice

A specific form of IT that managers use in order to have access to the specific information they need to perform their job effectively is known as ________ systems.

• A)decision support
• B)management information
• C)decision analysis
• D)management analysis

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Definitions:

Inventory Turnover

A ratio that shows how many times a company has sold and replaced its inventory over a certain period, indicating efficiency in managing stock.

Year 2

Year 2 commonly refers to the second year of a particular context, such as a company's operations, a multi-year study, or an educational program.

Inventory Turnover Ratio

A financial efficiency ratio that shows how many times a company has sold and replaced inventory over a period.

Days' Sales

A measure of how quickly a company can convert its inventory into sales, often used to assess liquidity and operational efficiency.