Which of the Following Would Efficiency MIS Metrics Measure

question 100

Multiple Choice

Which of the following would efficiency MIS metrics measure?

• A)response time
• B)system availability
• C)transaction speed
• D)All of these are correct.

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Definitions:

Accounting Profits

Accounting profits represent the financial gains of a business as calculated by revenue minus explicit costs, according to standard accounting practices.

Profit-Maximizing

A method or strategy that firms use to achieve the highest possible profit from their operations.

Economic Profit

The variance between a company's overall income and its opportunity expenses, covering both direct and indirect costs.

Perfectly Competitive

A market structure where many firms offer goods or services that are similar, allowing for free entry and exit of firms.