The Reasons for Developing a Management Information System Include

question 16

Multiple Choice

The reasons for developing a management information system include

• A) the efficient preparation of required reports.
• B) satisfying the manager's curiosity.
• C) keeping up with good facilities that have information systems.
• D) having good case studies available to release to newspapers whenever a piece of damaging publicity appears.

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Definitions:

Output

The quantity of goods or services produced within a certain period by a firm, industry, or country.

Variable Cost

Fees that directly alter according to the scale of production or output.

Marginal Cost

The amplification in entirety of cost following the production of an additional unit of a product or service.

Mud Statues

This refers to sculptures made from mud or clay, but in economic terms, it's not a recognized key term.