IS Plays Three Important Roles in Management Control Processes

question 32

Multiple Choice

IS plays three important roles in management control processes. These processes are data collection, evaluation, and _______________.

• A) transformation
• B) management
• C) communication
• D) implementation
• E) conversion

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Definitions:

System Accommodate Change

A system's ability to adjust or adapt to changes in its environment or operations, ensuring continued functionality or efficiency.

New Production Technique

Innovations or methodologies that improve the efficiency or quality of product manufacturing or service delivery.

Economic Profit

The total revenue of a business minus its explicit and implicit costs.

Least-Cost Production Technique

An approach in production that minimizes input costs for a given output level, optimizing resource use efficiency.