A General Manager Should

question 20

Multiple Choice

A general manager should:

• A) Rely on IS personnel to make IS decisions
• B) Ignore how IS are used and managed
• C) Have a deep technical knowledge of IS
• D) Understand the use and consequences of technologies relevant to the business
• E) Not be expected to ask or understand technology related questions

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Definitions:

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost to ensure profit.

Standard Markup Pricing

A pricing method where a constant percentage markup is applied to the cost of a product to set its sale price.

Standard Markup Pricing

A common pricing strategy where a predetermined percentage is added to a product's cost to establish its retail price.

Overhead Costs

Expenses that are not directly tied to the production of goods or services but are required for the business's operation, such as rent, utilities, and salaries.