Efficiency MIS Metrics Focus on the Extent to Which a Firm

question 295

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 the above

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Definitions:

Implied Warranty of Title

A legal assumption that a seller has the right to sell a property and that the buyer will not face legal disputes over the title.

Warranty Disclaimers

Statements that limit or exclude the seller's liability for certain defects or failures in products or services.

Stolen Goods

Items that have been taken without permission or legal right, typically with the intent to keep or sell them.

Implied Warranty of Fitness

A legal assumption that a sold good or service is suitable for a particular purpose, as might reasonably be inferred by the buyer from the nature of the product or service.