Your Local Burger Joint Wants to Reap the Benefits of Improved

question 11

Multiple Choice

Your local burger joint wants to reap the benefits of improved decision making by using its sales data. In order to do this, it must

• A) use reporting systems as part of its complete information systems.
• B) incorporate data-mining products as part of its complete information systems.
• C) follow best practices and adopt an ERP.
• D) adopt an expert system into its existing information system.
• E) adopt knowledge management systems into its existing information system.

---

Definitions:

Budget Line

A depiction in graphic form of every achievable combination of two commodities that can be acquired based on a specified financial capacity and pricing.

Indifference Curve

An economic graph representing combinations of goods that give a consumer equal satisfaction and utility.

Subjective Value

The individual and personal valuation of a good or service rather than its market value, based on personal preferences, needs, or satisfaction derived.

Equilibrium

A balance between market demand and supply that results in steady prices.