A(n)__________ Is an Information System That Helps Managers Understand Problems

question 103

Multiple Choice

A(n) __________ is an information system that helps managers understand problems and potential solutions by acquiring and analyzing information with sophisticated models and tools.

• A) intranet
• B) executive information system
• C) expert system
• D) decision support system
• E) extranet

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Definitions:

Applied Overhead

The estimated amount of overhead cost assigned to a specific job or department based on predetermined rates.

Actual Overhead

The real, incurred costs of running a production or service operation, excluding direct labor and direct materials.

Activity-Based Costing

A pricing strategy that pinpoints various tasks within a company and allocates the expenses of each task to every product and service based on their specific usage.

Overhead Rate

A calculation used to allocate indirect costs to produced goods or services, often based on labor hours, machine hours, or direct labor costs.