Examlex
List and describe (4) management information uses of executive support systems.
Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.
Average Total Cost (ATC)
ATC refers to the per-unit cost of production, calculated by dividing the total costs by the quantity of output produced.
Diseconomies of Scale
Increases in the firm’s per-unit costs associated with increases in firm size due to inefficiencies and monitoring problems.
Anti-Employment Discrimination Legislation
Laws designed to prevent discrimination in hiring, promotion, job assignment, termination, and compensation based on certain specified characteristics.
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