Briefly describe and give an example of a business information system, a decision support system, and a control system
A business information system is a set of interrelated components that collects and processes data and disseminates the output (e.g., include airline’s online ticket-reservation system). The decision support system (DSS) is used to improve decision making in a variety of industries (e.g., process-control computers). Control systems are the type of software used to control many industrial processes in an effort to reduce costs, eliminate human error, improve quality, and shorten the time it takes to manufacture products (e.g., spacecraft control system). Students’ examples will vary.
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A company purchases an oil well for $200,000 . It estimates that the well contains 250,000 barrels, has a ten-year life, and has no salvage value. If the company extracts and sells 20,000 barrels during the first year, how much depletion expense should be recorded?
a. $40,000 b. $16,000 c. $20,000 d. $100,000
Which of the following is a reason why a target-return pricing approach does not necessarily
result in an optimum profit for a firm? A) The target-return pricing approach is too complex and expensive to implement. B) The target-return pricing approach is highly influenced by the prices set by competitors. C) The target-return pricing approach ignores the current demand for the product. D) The target-return pricing approach uses the perceived value of the product as a basis for setting the final price.
Can a company successfully compete on high quality, low cost, and excellent customer service? Describe a company that you interact with that you believe has high quality, low cost, and excellent customer service.
What will be an ideal response?
Employment verification is done by having an applicant complete an eligibility form, also known as Form ________, for at least ________
A) EB-1; three years B) H-1B; two years C) I-9; three years D) S-7; two years