To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.
<h3 /><h3>What makes information relevant and reliable?</h3>
In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.
Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.
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Answer: B- 6 minutes
Explanation: From the question above, In one hour, about 20 customers shows up at Rent a Wreck.
It takes 2 minutes to photocopy their driver's license and insurance card and take an impression of a credit card
therefore 20/2=10
in one hour which is 60 min = 60/10
=6 minutes
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
- price = marginal cost
- marginal revenue = marginal cost
- marginal benefit = marginal cost
Option D
<u>Explanation:
</u>
All of the options are true.
In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.
It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.
Answer: Arial. 12 and black
Explanation: It is the most professional and clear to read. It is very important to use fonts, sizes, and colors people can clearly read.
Answer:
A business may be constrained by a variety of licensure and other regulatory requirements, based on the industry and activities the business wants to pursue. For example, a lawyer must obtain a legal license in a particular state before he can open a practice in that state.
