Why Is the Design of an MkIS Important

question 14

Multiple Choice

Why is the design of an MkIS important?

• A)Since the informational inputs are intangible
• B)Since such a system is costly
• C)Since the quality of an MkIS has been shown to affect the effectiveness of decision-making
• D)Since the information obtained from an MkIS can lead to information overload

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Definitions:

Yield

The income generated from an investment, usually expressed as a percentage of the investment's cost or current market value.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Available Seat

A term often used in the transportation industry, referring to a seat that is unoccupied and can be reserved or purchased by a customer.

Load Factor

A measurement used in transportation to assess the efficiency of a carrier by comparing the amount of utilized space or weight capacity versus the total available.