In What Way Do Managers Benefit from the Use of a Management

question 186

Multiple Choice

In what way do managers benefit from the use of a management information system?

• A) Data can be entered at numerous input terminals within the organization.
• B) The managers would not be completely responsible for the information that is entered into the database system.
• C) The managers could combine or adjust data to answer the questions from particular internal and external users.
• D) Managers can store old documents in hard copy.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another, maintaining the same level of utility.

Utility Function

A formula used by economists to map the degree of happiness or satisfaction one derives from consuming quantities of goods and services.

Consumption

The action of using up goods and services to satisfy needs or desires.

Income

The financial gain received by an individual or entity, usually through employment, investments, or business operations.