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:

Cash Disbursements

Payments made by a business in cash, covering expenses such as operating costs and purchase of assets.

Merchandise Inventory

Goods that are purchased and held for resale by retail or wholesale businesses, representing a current asset on the balance sheet.

Cost of Goods Sold

The expense related to the production or purchase of the products sold by a company during a specific period, an essential component of a company's income statement.

Monthly Expenses

The recurring costs incurred by a business or individual in a one-month period, covering operational or living expenses.