Executive Support Systems Are Information Systems That Support the

question 10

Multiple Choice

Executive support systems are information systems that support the

• A) long-range planning activities of senior management.
• B) knowledge and data workers in an organization.
• C) decision making and administrative activities of middle managers.
• D) day-to-day processes of production.

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Definitions:

Sales Budget

A detailed projection of anticipated sales, used for planning and managing resources in a business.

Optimistic Sales Budget

A sales budget that is prepared with the expectation of achieving the best-case scenario in sales volume and revenue.

Excessive Inventories

Situation where a company holds a larger quantity of inventory than necessary, which can tie up capital and increase holding costs.

Financial Planning Models

Tools or software used for forecasting a business's financial performance, evaluating business strategies, and planning for future financial actions.