Examlex

Solved

Which of the Following Is a Characteristic of Workgroup Information

question 50

Multiple Choice

Which of the following is a characteristic of workgroup information systems?


Definitions:

MRPs

Material Requirements Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes.

Least-costly Combination

An optimal mix of inputs that minimizes the cost of production while achieving a desired level of output.

Marginal Productivity Theory

An economic theory proposing that labor and other input costs are based on the marginal contribution of each input to the production process.

Income Distribution

The way in which total income is shared among individuals or groups in an economy.

Related Questions