Essential State-Of-The-Art Operating and Information Systems That Support Company Strategies

question 105

Multiple Choice

Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except

• A)customer database systems.
• B)information systems to track supplier/partner/collaborative ally data.
• C)human resources systems that maintain employee data.
• D)systems to record and report financial performance data.
• E)data management systems for undertaking benchmarking,TQM,and Six Sigma quality control.

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Definitions:

Endowment

The value that a property generates for its owner; in economics, it often refers to the initial allocation of goods and resources available to individuals.

Consumption

The consumption of products and services by families or personal users.

Price Change

A fluctuation in the market price of goods, services, or assets, which can be influenced by various factors including supply and demand, market sentiment, and news.

Utility Function

A mathematical representation that assigns a numerical value to each possible outcome or bundle of goods, indicating the level of satisfaction or utility derived.