What are some of the intangible benefits that may be expected from the new system? Discuss their importance and why they are difficult to interpret
Common intangible benefits include: increased customer and employee satisfaction, improved decision making and more current information, faster response time to competitor actions, more efficient operations, better communications, improved planning and control, and operational flexibility.
Intangible benefits are often of overriding importance in information system decisions, but cannot be easily measured and quantified. For example, improved customer satisfaction may translate into increased sales, but how do we quantify this benefit? Assigning a value is often highly subjective. By overstating or understating these benefits, a system's proponents may push it forward or its opponents may kill it.
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Which food-oriented retailer specializes in fill-in merchandise?
a. convenience store b. supermarket c. specialty store d. superfood store
What happened to FINOVA's share price when it announced a write-down of a loan and the retirement of Sam Eichefeld as CEO?
a. The share price dropped $0.72 b. The share price dropped but rebounded before the end of the day c. The share price dropped from $32 to $19.98 in one day d. None of the above
As Randy conducts his annual evaluations of his employees, he notices that Cindy and Yen have both been less productive since they were relocated in the same department. Randy is in what stage of the managerial decision-making process?
A. Generating alternatives B. Conducting evaluations C. Selecting an alternative D. Identifying the problem or opportunity E. Implementing and evaluating the solution
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.What are the equivalent units for materials for the month in the first
processing department? A. 950 B. 7,400 C. 8,350 D. 9,300