Managers Use Executive Information Systems (EISs)to

question 78

Multiple Choice

Managers use executive information systems (EISs) to:

• A)communicate via videoconferences.
• B)work in groups.
• C)track inventories.
• D)spot trends.

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Definitions:

Endowment

The total resources available to an individual or institution, including assets, capabilities, and financial means.

General Equilibrium Analysis

A method in economics that attempts to understand how supply and demand interact across multiple markets simultaneously, and how they reach a state of balance.

Feasible Allocation

In economics, it refers to the distribution of resources or goods in such a manner that it is possible given the available supply.

Second Welfare Theorem

An economic principle stating that under certain conditions, any efficient allocation of resources can be attained through a competitive equilibrium, assuming perfect markets and price flexibility.