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:

Estimated Net Income

A projection of a company’s net income, considering potential revenues and expenses, for a future period.

Cash Payback Period

The period of time required for the cash inflows from a capital investment project to equal the cash outflows, typically used as a measure of a project's liquidity.

Annual Net Cash Flows

The total amount of cash generated or spent by a business in a given year after all expenses and revenues.

Internal Rate of Return

A method used in capital budgeting to estimate the profitability of potential investments, calculated as the rate of return where the net present value of all cash flows is zero.