Efficiency MIS Metrics Focus on the Extent to Which a Firm

question 205

Multiple Choice

Efficiency MIS metrics focus on the extent to which a firm is using its resources in an optimal way, while effectiveness MIS metrics focus on _________.

• A)understanding how successful a firm is at achieving its goals and objectives
• B)analyzing if a firm is doing the right things
• C)setting the right goals and ensuring they are accomplished
• D)All of these are correct.

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Definitions:

U.S. Dollars

The official currency of the United States, used as a standard unit of money and backed by the federal government.

Brazilian Real

The official currency of Brazil, symbolized as R$ and subdivided into 100 centavos.

U.S. Currency

The system of money in general use in the United States, primarily consisting of dollars and cents.

U.S. Dollar

The official currency of the United States, used as a standard measure of value and a medium of exchange.