In 2015,Singh Manufacturing Implemented a Web-Based Information System That Allows

question 70

Multiple Choice

In 2015,Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information.The intention was to increase production efficiency.Unfortunately,it had the opposite effect,as deliveries fell behind schedule and costs increased.Shaman Gupta,the director of information technology services,asked Ashlee Wells to come in and talk with him about the system.Ashlee is a long-time employee of Singh,and her opinion is valued by her peers and by her supervisor.
"So Ashlee,how's it going down there in the shop?"
"Not so good,Shaman.Used to be we got a weekly pick list so we knew how to plan production.Now,we got that computer system.Most of us can't figure out how to use it to do our jobs.Is there some way to print out a pick list?"
Shaman thought for a while before responding."Well,Ashlee,to tell you the truth,I'm not so sure how to do it myself,but there must be a way.We'll bring in the consultants that helped us build the system.Maybe they can help."
Which of the following characteristics of useful information is absent in the situation described above?

• A)relevant
• B)reliable
• C)complete
• D)timely
• E)understandable
• F) verifiable
• G) accessible

Analyze the concept of market equilibrium price in the context of supply and demand, and the impact of external factors.

Explore firm-level decision-making in response to quantity discounts and the implication for profit maximization.

Examine the effect of government actions on market prices and equilibrium.

Comprehend the relationship between production functions, input costs, and industry supply curves in the short and long run.

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Definitions:

Collection Float

The delay between when a check is deposited into a bank account and when the funds are available to the depositor, affecting cash flow.

Cheques

Cheques are financial instruments that order a bank to pay a specific amount of money from a person’s account to the person in whose name the cheque has been issued.

Deposit

Money placed in a financial institution for safekeeping, which can earn interest and is often used to secure transactions.

Balance

The total amount of funds in an account or the difference between the total debits and credits in an account.