What Is the MIS System That Manipulates Information to Create

question 41

Multiple Choice

What is the MIS system that manipulates information to create business intelligence in support of strategic decision making?

• A) Online transaction processing (OLTP)
• B) Online analytical processing (OLAP)
• C) Digital dashboard
• D) Visualization

Understand the specific legal standards and defenses related to accountants in the context of securities laws.

Awareness of the impacts of not adhering to GAAP and GAAS on accountant liabilities.

Familiarity with the Sarbanes-Oxley Act and its implications for accounting practices.

Understand the concept and processes of motivation as a fundamental psychological theory.

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Definitions:

Indifference Curve

A graph representing combinations of two goods between which a consumer is indifferent, showing preferences in consumption.

Budget Constraint

The limit on the consumption patterns of individuals or entities, based on their income and the prices of goods and services.

Marginal Utility

The additional satisfaction or utility received by consuming an additional unit of a good or service.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one additional unit of a good or service.