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Kipish [7]
3 years ago
14

When managers use a management information system, no management action is needed if?

Business
1 answer:
svet-max [94.6K]3 years ago
7 0

Answer:

False

Explanation:

Management information systems (MIS) are very useful tools that managers can use to obtain information from internal and external sources. The advantage of using management information systems is that they can convert a lot of data into useful information and us it in decision making processes.

But MIS are just one more tool that managers can use, it doesn't replace managers and it doesn't make decisions by itself, its main purpose is to provide useful information that managers can use.

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Managers should run a business ethically because
Allushta [10]
Managers should run a business ethically because it is the right thing to do.
They should do things ethically just because they are afraid of punishments and repercussions. Instead, they should understand the importance and moral value of acting ethically because they will set an example and then the employees will be ethical as well. 
5 0
3 years ago
Read 2 more answers
The ABC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $
scZoUnD [109]

Answer:

5500 units per month must be sold to earn the required profit

Explanation:

The target profit is the amount of profit that a business wants to earn. To calculate the target profit, we can use the break even analysis and include the factor for target profit under its formula and calculate the units and the dollar sales needed to earn the target profit.

In this case, the target profit is $50000 per month.

The break even in units = Fixed cost / contribution margin per unit

Contribution margin per unit = selling price per unit - variable cost per unit

To calculate units required for target profit, we will add the target profit to the fixed cost and divide by the contribution margin per unit

Target profit units = (fixed cost + target profit) / Contribution margin per unit

So,

Contribution margin per unit = 20 - 10 = $10 per unit

Target profit units = (5000 + 50000) / 10

Target profit units = 5500 units per month

7 0
3 years ago
What will an executive summary for a new business contain that a business plan for a well-established business will not?
Setler [38]
Hello,

The answer is option A "a mission statement".

Reason:

The answer is option A because the mission statement pretty much tells the goals of the business. Its not option B because every executive summary must include funding's on its products (to show if they raised prices or sales). Its not option C because every businesses wants to grow in order to make more money (by making more stores). Its also not option D because every summary will have the information about the newest products and services for there business.

If you need anymore help feel free to asks me!

Hope this helps!

~Nonportrit
3 0
4 years ago
Read 2 more answers
"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of
mote1985 [20]

Answer:

The Answer is A) 2

Explanation:

Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:

Average  Waiting Time = <u>(Average No of customers waiting in line</u>)  

                                                                        λ

> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>

> We have Average Waiting Time = 8

> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)

> that is 15/60= 0.25

Therefore λ = 0.25

> Lets assume that Average No. of Customers Waiting in Line is C

Our formula (by substituting the various factors above now becomes

8 = C/0.25

                             

To get, we cross multiply. So we have:

C = 8 x 0.25

C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.

Cheers!

6 0
3 years ago
A common misconception surrounding both environmental and social sustainability is that their practice increases supply chain co
alexandr1967 [171]

Answer:

True.

Explanation:

In today's world it is a mistake to relate environmental and social sustainability to rising costs and altruism. It is a fact that consumers are more informed and have transformed their consumer relationship with companies, currently society demands organizational transparency and seeks to relate to entities that help in social and environmental development.

But more than altruism and improvement of the organizational image, companies that adopt an environmental and social management system achieve several strategic and economic benefits, which helps to reduce costs and waste, besides the possibility of market gain and increased customer satisfaction. stakelhoders, as the most important of the environmental and social management system, continuous process improvement, which in the long term becomes value for the organization.

7 0
4 years ago
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