Which of the Following Is a Feature of the Executive

question 30

Multiple Choice

Which of the following is a feature of the executive information system?

• A) It involves tools that facilitate decision making for junior-level executives.
• B) It involves tools that support strategic-level decision making for senior managers.
• C) It consists of tools used for routine transactions in operational processes.
• D) It consists of tools used to undertake programmed tasks which deal directly with customers.

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Definitions:

Production Function

A mathematical equation that describes the maximum amount of output that can be produced from a given set of inputs.

Labor Input

This denotes the amount of work effort, measured in hours or the number of employees, used in the production of goods and services.

Techniques of Production

The various methods and technologies used in the process of producing goods and services.

Firm's Costs

The total expenses incurred by a company in the production and sale of goods or services, including fixed and variable costs.