Managers Use Software Apps That Support Decisions That Would Otherwise

question 5

Multiple Choice

Managers use software apps that support decisions that would otherwise take a lot of time to figure out.For instance,these tools can help figure out if a customer qualifies for an auto loan or should receive additional credit.These interactive apps are called _________.

• A)DSS
• B)EIS
• C)MIS
• D)JIT

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Definitions:

Layoffs

The temporary or permanent dismissal of employees from their jobs due to economic downturns, business restructurings, or other financial reasons.

Volume Efficiency

The effective management of resources to produce the maximum possible output or volume of production at the lowest cost.

Expense Ratio

A measure of the cost of operating a fund, such as a mutual fund or an exchange-traded fund, expressed as a percentage of the fund's assets.

Employee Contentment

Employee Contentment refers to the level of satisfaction and well-being that employees feel about their job, work environment, and relationship with their employer.