In a Management Support System, Why Is It Is Important

question 108

Multiple Choice

In a management support system, why is it is important to keep lines of communication open?

• A)It ensures key decision makers do not lose interest.
• B)It ensures key decision makers are involved in designing the MSS.
• C)It ensures support staff feel included in the decision-making process.
• D)It enables decision makers to identify objectives.

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Definitions:

Price Supports

The term used to refer to price floors applied to farm commodities; the minimum price that the government allows farmers to receive for farm commodities like wheat or corn.

Economic Growth

An increase in the value of goods and services produced by an economy over time, typically measured as the percentage increase in real gross domestic product (GDP).

Capital Goods

Assets used by businesses to produce goods and services, such as machinery, buildings, and equipment, not intended for immediate sale but for productive use over time.

Population Growth

The increase in the number of individuals in a population, often measured by the rate at which the number of individuals increases in a specific time period, usually expressed as a percentage.