Complete the Following Using the Terms Listed

question 73

Multiple Choice

Complete the following using the terms listed.
-A system that allows top managers to access a company's primary databases is called a(n) _____.

• A)CIO
• B)Knowledge management
• C)decision support system
• D)firewall
• E)application service provider
• F)virtual private network
• G)Wi-Fi
• H)intranet
• I)malware
• J)local area network
• K)data
• L)digital workforce
• M)expert system
• N)executive support system
• O)spyware
• P)database
• Q)cloud computing
• R)botnet
• S)information system
• T)disruptive innovations
• U)unicorns

Understand various logical fallacies and their impact on decision making and arguments.

Identify and evaluate the components of ethical decision making in a business context.

Recognize the effects of overconfidence and biases on decision quality.

Appreciate the importance of considering alternatives and consequences in decision making.

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Definitions:

Segment Margin

The amount of profit or loss produced by a particular segment of a business, considering only the revenues and expenses directly attributable to that segment.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to fixed costs and profit.

Common Fixed Expenses

Expenses that remain constant in total regardless of changes in the level of activity or volume of production.

Variable Expenses

Costs that change in proportion to the level of activity or volume of production in a company.