Which of the Following Is a Difference Between a Logistics

question 149

Multiple Choice

Which of the following is a difference between a logistics information system (LIS) and a financial information system (FIS) ?

• A) An LIS supports decisions related to space utilization, whereas an FIS supports decisions related to scheduling and assigning employees.
• B) An LIS supports decisions related to monitoring cost trends, whereas an FIS supports decisions related to product cost calculations.
• C) An LIS supports decisions related to improving budget allocation, whereas an FIS supports decisions related to allocating human and financial resources.
• D) An LIS supports decisions related to improving shipment planning, whereas an FIS supports decisions related to determining portfolio structures.

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Definitions:

Marginal Costs

The additional cost incurred by producing one more unit of a good or service.

Average Costs

Total costs (fixed and variable) divided by the total quantity of output produced, representing the cost per unit of production on average.

Variable Costs

Costs that change in proportion to the good or service that a business produces.

Shut Down

The cessation of operations, often temporarily, by a business or organization.