Information Captured by a Management Information System Allows Managers to Do

question 36

Multiple Choice

Information captured by a management information system allows managers to do all of the following except

• A) determine accurate product or service costs.
• B) improve processes.
• C) provide timely feedback.
• D) satisfy all customer inquiries.

Comprehension of the impact of governmental fiscal policies on price levels and output.

Insight into the effects of external shocks and policy responses on economic output and prices.

Ability to interpret economic models and diagrams to predict economic outcomes.

Understand the concept of self-discrepancy and its emotional consequences.

---

Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Discussion Method

A pedagogical approach that facilitates learning through interactive dialogue and debate among participants.

Dominated

Being controlled or heavily influenced by someone or something, often to a disadvantage.