What important managerial function is impaired by not having access to timely and accurate information? What is the effect of this lack of data?
What will be an ideal response?
The managerial function is decision making. Without access to timely and accurate information, business managers rely on forecasts, best guesses, and luck. The result is over- or under-production of goods and services, misallocation of resources, and poor response times. The potential poor outcomes can raise costs, and the company can lose customers.
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Business products that are necessary expense items and are continually used up but which do not become part of the buyer's final product are
A. raw materials. B. component parts. C. accessory equipment. D. component materials. E. supplies.
Which of the following is true of direct-response advertising?
A. It does not use the Internet as a means of advertising. B. It primarily targets professionals such as doctors, lawyers, and engineers. C. It targets wholesalers, retailers, and other members of the supply chain. D. It is also known as primary-demand advertising. E. It encourages consumers to purchase straight from the manufacturer.
In the context of the five phases in the life of an organization, identify a true statement about the period of crisis in phase 1.
A. Decentralized leaders are able to penetrate new markets, respond faster to customers, and develop new products. B. Lower-level leaders become increasingly frustrated and demand flexibility and room to exercise their own initiative. C. Leaders become overworked and harried by administrative details. D. Communication from the top management is less frequent.
If the Web server and the DBMS are running on the same server, the system has a three-tier architecture
Indicate whether the statement is true or false