Executive Support Systems Are Information Systems That Support the

question 37

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.
• E)transactional needs of the organization.

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Definitions:

Economies of Scale

The cost advantage achieved by an increase in production, leading to a reduction in expenses per unit due to more efficient use of resources.

Long-Run Average Cost

The per-unit cost of production in the long term, where all inputs are variable.

Total Output

The total value of goods and services produced by an economy over a specific period of time.

Total-Cost Curve

A graphical representation showing the total cost of producing varying quantities of output.