The First Step a Manager Should Take to Cope with Information

question 68

Multiple Choice

The first step a manager should take to cope with information overload is to

• A) obtain a good database management system and use it to organize information more efficiently.
• B) hire a qualified information systems analyst.
• C) identify four or five key goals, and eliminate information that is not related to those goals.
• D) purchase more sophisticated hardware that can process and store information more efficiently.

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Definitions:

Deep Discount

A significant reduction in the price of goods or securities, often used to stimulate sales or to clear out inventory.

Long-Term

Referring to a period extending over an extensive time, often exceeding one year, especially in contexts like investments or financial planning.

Zero-Coupon Bonds

Bonds that do not pay interest during their life but are sold at a discount from their face value, where the difference between the purchase price and the face value represents the investor's return.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.