Entity Resources That Are Always Considered in Efficiency Assessments for an AIS

question 75

Multiple Choice

Entity resources that are always considered in efficiency assessments for an AIS are:

• A) cash and equipment
• B) inventory and cash
• C) people and computers
• D) fixed assets and inventory

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Definitions:

Subsequent Estimates

Revisions or new calculations made after initial estimates, often based on additional data or changes in a project or situation.

Sunk Cost Effect

A bias in decision making in which already “spent” costs unduly influence decisions on whether to continue.

Math Quiz

A test or examination designed to assess an individual's mathematical knowledge and skills.

Cognitive Illusions

The systematic biases and errors in human decision making.