A System That Organizes Information in the Form of Pre-Specified

question 87

Short Answer

A system that organizes information in the form of pre-specified reports that managers use in day-to-day decision making is called a(n) ________________________________________.

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Definitions:

Price Floor

A minimum price set by the government or an organization for a particular good or service, below which it cannot be sold.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period, with price on the vertical axis and quantity on the horizontal axis.

Fixed Costs

Business expenses that are not affected by changes in the level of goods or services produced over the short term.

Variable Costs

Costs that fluctuate in direct proportion to the level of output or activity in a business.