The Goal of an Executive Information System (EIS) Is To

question 8

Multiple Choice

The goal of an executive information system (EIS) is to:

• A) replace the need for intuition in decision making
• B) create a link among authorized data and network users
• C) protect organizational data from hackers
• D) provide accurate, complete, relevant, and timely information to managers
• E) do none of these

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Definitions:

Consume

The process of consuming a product or service to fulfill needs or desires.

Utility Function

A utility function is a representation of preferences over a set of goods and services, showing the level of satisfaction or utility that different bundles of goods provide to a consumer.

Consumption

The use of goods and services by households or individuals for personal needs or to derive utility.

Income

Financial earnings generated through employment, investments, or other sources, contributing to an individual's purchasing power.