For A(n)_____ to Be Useful,it Should Collect Data Related to an Organization's

question 64

Multiple Choice

For a(n) _____ to be useful,it should collect data related to an organization's critical success factors-issues that make or break a business.

• A)executive information system (EIS)
• B)decision support system (DSS)
• C)group support system (GSS)
• D)geographic information system (GIS)

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Definitions:

Excess Capacity

A situation in which a firm is producing at a lower level of output than it has the potential to produce due to lack of demand.

Welfare-Maximizing

An economic or policy goal aimed at achieving the highest possible level of welfare for the population, taking into account factors such as distribution of wealth, health, and overall quality of life.

Competitively

Refers to a market condition where businesses or individuals vie against each other to gain economic advantage or win consumers' favor.

Profit-Maximizes

Refers to the strategy or objective of an entity or individual aimed at achieving the highest possible profit from its operations, typically by managing costs, pricing, and output.