The First Goal of Executive Information Systems Was to Provide

question 67

Short Answer

The first goal of executive information systems was to provide top executives with immediate and easy access to information about a firm's critical success factors (CSFs), that is, key factors that are critical to accomplishing an organization's _______________ objectives.

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Expected Value

The expected value is a statistical concept that calculates the mean of all possible values of a random variable, weighted by their respective probabilities.

Stock Price

Stock price is the value of a company's shares traded on the stock market, representing investor's valuation of the company's future earnings potential.

Probability

An indicator of how probable an event is, represented as a numerical value ranging from 0 to 1.