Use IT Systems to Support Decision Making,not to Make Decisions

question 54

Multiple Choice

Use IT systems to support decision making,not to make decisions because

• A) the software available today can make many supply chain decisions for management.
• B) companies need to maintain the amount of managerial effort they spend on supply chain issues.
• C) management needs to be able to make adjustments in the supply chain because the competitive and customer landscape changes.
• D) B and C only

Distinguish between different types of business ownership and the legal implications of each.

Understand the significance of customer focus for new ventures and established businesses alike.

Recognize the stages in the life cycle of entrepreneurial organizations and the management challenges at each stage.

Appreciate the importance of financial management, including funding options for small businesses.

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Definitions:

NC Contact

An electrical contact that remains closed, allowing current to flow, until actuated open, usually referred to as a Normally Closed Contact in electrical circuits.

PLC System

A PLC system encompasses the hardware and software components of a Programmable Logic Controller, including the CPU, input/output modules, power supply, and the programming environment used to automate industrial and manufacturing processes.

Master Control Relay Instruction

An alternate definition for MCR Instructions, specifically highlighting its role in controlling the execution flow in PLC programs.

Disconnect Switch

A Disconnect Switch is an electrical switch designed to completely cut off electrical power from part of a circuit or the entire system for safety or maintenance purposes.