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skelet666 [1.2K]
4 years ago
12

In order to understand how a specific business firm uses information systems, you need to know something about the history and c

ulture of the company.
True / False.
Business
1 answer:
Sidana [21]4 years ago
3 0

Answer:

True

Explanation:

Whenever you want to learn something about a company or why that company's procedures were set a certain way, you need to understand the company's culture and history. For example, a lot of very vertical companies have information systems that are probably not very efficient or even include some redundant tasks, but those companies have evolved from very old and strict structures, e.g. steelworks, investment banks. While more modern horizontal companies that rely heavily on computers and the internet will have different information systems since the decision making processes are also more horizontal.

You must remember that the most important of information systems is that they are useful tools for making decisions and controlling an organization.

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The following data are for a series of increasingly extensive flood-control projects.
marissa [1.9K]

Answer:

$28,000 and $12,000, respectively

Explanation:

Marginal cost = incremental cost from Plan C to Plan D

= total cost (plan D) - total cost (plan C)

= 72,000 - 44,000 = $28,000

Marginal benefit = incremental benefit from Plan C to Plan D

= total benefit (plan D) - total benefit (plan C)

= 64,000 - 52,000 = $12,000

Therefore marginal cost and benefits for Plan D = $28,000 and $12,000, respectively

4 0
3 years ago
People are unlikely to buy Big Macs in the places where they are relatively cheap (according to purchasing power parity) and sel
Natali5045456 [20]

People will buy at places that are cheap and sell at more expensive prices because:

  • The transactions costs would be too high.
  • There's little resale market for used Big Macs.
  • They would be expensive to transport.
  • They're perishable.

<h3>What is transactions cost?</h3>

Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.

In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.

Learn more about transactions cost on:

brainly.com/question/1405573

7 0
3 years ago
When the same attribute in related data files has different values, this is called data?
faust18 [17]
It seems that you missed the given choices for this question, but anyway here is the correct answer. When the same <span>attribute in related data files has different values, this is called data dependence. Hope this answer helps. Other options of this question include redundancy, duplication, discrepancy and inconsistency. Thanks for posting your question.</span>
8 0
3 years ago
In a group setting, "recording secretary," "moderator," "initiator," and "information seeker" are examples of
kogti [31]

In a group setting, "recording secretary (taking the notes)," "moderator” (the facilitator of discussion)," "initiator" (the one who generates new concepts and offers the new solution) and "information seeker" are examples of Task roles. The Task roles are the one that is directly related to the successful achievement of <span>the task and goals of the group.</span>

4 0
4 years ago
Read 2 more answers
Suppose there are only two firms that sell smart phones, Flashfone and Pictech. The following payoff matrix shows the profit (in
o-na [289]

Answer:

The question is based on the economics theory named the game theory. Economists frequently use it to analyze the outcomes for adversary firms.

Explanation:

To solve this problem we need to pay attention to the best outcome for each firm given the choices of the other firm. So, when Pictech chooses a higher price, Flashfone should choose between a high or low price. The firms must keep choosing until they run out of options.

To have a dominant strategy, the firms should always choose a low price.

Based on the game theory:

If Flashfone prices high, Pictech will make more profit if it chooses a (high,low) __low___ price, and if Flashfone prices low, Pictech will make more profit if it chooses a(high,low)____low___ price.

If Pictech prices high, Flashfone will make more profit if it chooses a(high,low)_____low_price, and if Pictech prices low, Flashfone will make more profit if it chooses a (high,low) ___low___ price.

Considering all of the information given, pricing high (is, is not) __is not____ a dominant strategy for both Flashfone and Pictech.

They will end up choosing the low price strategy. Both Flashfone and Pictech will choose a low price.

The answer is true, because the prisioner's dilema is a game were both parties know that the outcome can be worse for both. So they rather play in a way that is better for their interests. In the firms' case, they could have choose higher prices, but  they didn't because each of them intented to charge a lower price and outsell the other firm. Meaning that, the one with the lower price, would sell more smartphones.

8 0
4 years ago
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