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MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?
Fixed Cost
Costs that remain constant regardless of the amount of goods produced or sold, like lease payments, employee wages, and insurance fees.
Expansion Options
Strategic choices available to a business to increase its size, offerings, or operational capacity.
Minimizes Cost
The process or approach aimed at reducing expenses and spending to the lowest possible level.
Central Hub
Central hub refers to a focal point or a core center where activities, processes, or networks converge, often used to optimize distribution or communication.
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