How Does the Use of Sophisticated Information Systems Affect Managerial

question 65

Multiple Choice

How does the use of sophisticated information systems affect managerial decision making?

• A) Sophisticated information systems always improve managerial decision making
• B) Sophisticated information systems always provide better information
• C) Managers may overlook potential uncertainties and bias in their information
• D) The cost of sophisticated information systems may exceed their benefit

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Definitions:

Startup Stage

The early phases in the life cycle of a business where it is developing its product, market, and operations, often characterized by uncertainty and high risk.

Nascent Stage

The early development phase of a project or company, often characterized by high uncertainty and risk.

Entrepreneurial Transition

The process or phase where an entrepreneur or business undergoes significant change, often towards growth or diversification.

Probable Crisis

A situation or a series of events that is likely to lead to an unstable and dangerous situation affecting an individual, group, community, or the whole society.