Efficiency MIS Metrics Focus on the Extent to Which a Firm

question 295

Multiple Choice

Efficiency MIS metrics focus on the extent to which a firm is using its resources in an optimal way, while effectiveness MIS metrics focus on ________.

• A)Understanding how successful a firm is at achieving its goals and objectives
• B)Analyzing if a firm is doing the right things
• C)Setting the right goals and ensuring they are accomplished
• D)All of the above

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Definitions:

Maintenance Practices

Scheduled procedures and routines followed to keep equipment and facilities in good working condition, aiming to prevent unexpected failures.

Optimal Maintenance Policy

A strategy or set of guidelines designed to maximize the effective operation of equipment or assets while minimizing costs, often through preventive and predictive maintenance.

Costs Associated

Expenses related to a specific activity, project, or operation, including direct and indirect costs.

Low Morale

Refers to a general feeling of dissatisfaction, disappointment, or lack of enthusiasm among employees within an organization.