What Would Managers Use to Make Structured Decisions at the Operational

question 106

Multiple Choice

What would managers use to make structured decisions at the operational level?

• A)Transactional information
• B)Analytical information
• C)An EIS system
• D)Intelligent system

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Definitions:

Economic Profits

The variance between a company's overall earnings and the sum of its explicit and implicit expenditures.

Explicit Costs

Explicit costs refer to direct payments made for the operation of a business, like wages, rent, and materials.

Entrepreneur's Talent

The unique set of skills, insights, and experiences that an entrepreneur brings to a business venture, often driving its success.

Annual Lease

A contract specifying the terms under which one party agrees to rent property owned by another party for a period of one year.