Departmental Heads Should Determine the Computer Hardware and Programs That

question 114

Multiple Choice

Departmental heads should determine the computer hardware and programs that are needed for their department. This is an example of a(n) ________ decision.

• A) operational
• B) strategic
• C) procedural
• D) managerial

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Definitions:

Scarcity

Refers to the basic economic problem of having seemingly unlimited human wants in a world of limited resources.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Physical Capital

Assets owned by a business that are tangible and can be used in the production process, such as machinery, buildings, and equipment.

Microsoft Stock

Equity shares representing ownership in Microsoft Corporation, a major technology company.