A Computer-Based Information System That Provides Information and Supports Effective

question 80

Multiple Choice

A computer-based information system that provides information and supports effective managerial decision making is known as a(n) ____ information system.

• A) operations
• B) management
• C) peer
• D) social
• E) uniform

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Definitions:

Income Statements

Financial statements that summarize a company's revenue, expenses, and profits over a specific period of time.

Standard Cost

A predetermined cost of manufacturing, delivering, or producing goods or services under normal conditions.

Variance Accounts

Financial accounts used to record the differences between planned and actual figures in budgeting and accounting.

Favorable Variances

Differences between planned and actual performance that result in a better-than-expected financial outcome.