Which of the Following Statements Is True of Management Information

question 37

Multiple Choice

Which of the following statements is true of management information systems?

• A)This discipline draws interest from researchers and practitioners from the computer science field exclusively.
• B)This field has been in existence for the last fifty years.
• C)They seldom change and hence require no upgradation.
• D)They support tactical decision making at the managerial level.

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people make choices when faced with uncertain outcomes, emphasizing the value of gains and losses rather than final outcomes.

Default Options

Pre-selected choices or settings designed to simplify decision-making by assuming a standard action unless an alternative is specified.

Status Quo Bias

A cognitive bias that leads individuals to prefer things to stay the same by resisting change or new alternatives.

Behavioral Economics

A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions made by individuals and institutions.