1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 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]3 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.

You might be interested in
Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quali
babymother [125]

Answer:

The most effective advertising is very expensive and, therefore, wasteful.

Explanation:

In order for something to be considered economically wasteful it must use and dispose money carelessly.

Therefore options:

  • Advertising provides consumers with price and quality information about products.
  • Advertising manipulates people's tastes and can reduce competition.

Do not apply since the options do not consider the costs of advertisement.

The only option that considers the cost of advertisement is: The most effective advertising is very expensive and, therefore, wasteful. It refers to the high costs of effective advertisement, and it implies that the money is not used carefully.

5 0
2 years ago
Doris recently started her position at Monro Company. The company uses the dollar-value LIFO inventory method. On her first day
Furkat [3]

Answer

2

Explanation:

Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.

The extended cost of the ending inventory at the most recent  price is divided by the cost of the ending inventory at the base year price.

Workings

Cost in term of base layer = $50,000

Cost in term of the layer layer $100,000

Cost index = 100000/50000 = 2

7 0
3 years ago
You put aside $300 a month in an account that returns 9% a year, compounded monthly. How long do you need to contribute to save
Anettt [7]

Answer:

36 years 4 months and 2 days

Explanation:

Data provided in the question:

Monthly payment = $300

Rate of return, i = 9% = 0.09

Future value = $1,000,000

Now,

we know

Future value = Monthly payments × \left[ \frac{(1+i)^{n}-1}{i} \right]

or

1000000  = $300 × \left[ \frac{(1+0.0075)^{ }-1}{ 0.0075 }

or

\frac{ 1000000}{ 300} &= \frac{ 1.0075^{n} - 1}{ 0.0075}

3333.33333 &= \frac{ 1.0075^{n} - 1}{ 0.0075}

1.0075^{n} - 1 &= 3333.33333 \times0.0075

or

1.0075ⁿ - 1 = 25

or

1.0075ⁿ = 26

ln( 1.0075ⁿ) = ln(26)

or

n × ln( 1.0075 ) = ln(26)

or

n = [tex]\frac{ \ln (26) }{ \ln( 1.0075 ) }[tex]

or

n = 436.04  months

or

n = 36 years 4 months and 2 days

5 0
3 years ago
Read 2 more answers
There are four functions of management: planning, leading, organizing and controlling. The controlling function of management is
Fantom [35]

Answer: True

Explanation:

Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.

Proper control leads to achievement of organizational goals.

6 0
3 years ago
Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows:
GaryK [48]

Answer:

See answer below

Explanation:

1. Degree of operating leverage

Selling price $126,000

Variable cost $50,400

Contribution margin $75,600

Fixed cost $23,000

Net operating income $52,600

Degree of operating leverage = Contribution margin / operating income = $75,600 / $52,600

= 1.44

8 0
3 years ago
Other questions:
  • Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiv
    11·1 answer
  • Jonathan Wynn has developed a budget that he follows each month. Jonathan has an envelope for each type of expenditure. After he
    11·1 answer
  • ​ National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National hires
    9·1 answer
  • real-time Incorporated considers purchase of a new machine that cost $40,000 and requires an increase in net operating working c
    7·1 answer
  • Fill in the missing amounts.
    6·1 answer
  • which type of managers of a business must answer to a board of directors regarding the company's fiscal performance
    10·1 answer
  • Help me please.. there is no option on here for human resources principals, so i jus clicked business as the subject..
    8·1 answer
  • The ability to include demand, capacity, material requirements, and constraints in defining alternatives is referred to as _____
    13·1 answer
  • Cy Burspace first began working for Epic Electronics in the mid-1970s as a business technology specialist. Today, he is the depa
    15·1 answer
  • Menlo Company distributes a single product. The company's sales and expenses for last month follow:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!