The system helps managers analyze the environment in which the organization operates, identifying long-term trends and planning appropriate courses of action.
<h3 /><h3>What is an executive information system?</h3>
It corresponds to a tool to support managerial decision-making by providing optimized access to large volumes of information from the micro and macro organizational environment.
Therefore, the executive information system assists managers in making decisions in line with organizational objectives.
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Answer:
Selling price = $20.05
Explanation:
<em>The break even point </em><em>is the level of activity where the total cost of is exactly equal to the total revenue. At this point, the business makes no profit and no loss, because the total contribution is also equal to the total fixed costs.</em>
Contribution is the excess of sales revenue over variable cost
Total contribution = (S.p - VC per unit) × unit sold
So we can determine the selling price per unit by equating the total contribution to the the total fixed cost as follows:
Step 1
<em>Determine the total contribution</em>
= ( S.P - 6.80) × 900
Step 2
<em>Equate the total contribution to the total fixed cost and solve for S.P</em>
(S.P - 6.80) × 900 = 11,925. Lets substitute S.P with x
(X-6.80) × 900 = 11,925
900X -6,120 = 11,925
900X = 11,925 + 6,120
900X = 18045
X = 18,045/900
X = $20.05
Selling price = $20.05
Answer:
True
Explanation:
Generally a person makes the most money when he/she is 40 to 55 years old, and that are the same years when their total expenses are also higher. One of the highest costs are education costs, specially their children's college costs.
Assume that your children are born when you are 30-35 years old, and 22 years later they are finishing college. That fits the time period when your income peaks, and that is why you have to try cover all education expenses before turning 60.
Once you retire, around age 65, your expenses tend to level down, and if you were able to have some accumulated wealth, then it is always a good idea to set some apart to pay for your grandchildren's college. That way you are helping both your children (reducing their costs) and your grandchildren.
Answer:
Production and consumption are at the same time.
Explanation:
A basic difference between a good and a service is that the consumption and production of a service take place at the same time. While good can be produced at some point in time and consumed later. Unlike goods, services cannot be stored in inventory.
That is why unlike a good, consumers can be more involved in the production of a service. This provides greater satisfaction to the consumers.
Answer:
A. One deals with the creation of an item; the other deals with the use of an item.
Explanation:
Production means "To make" and consumption is putting to use of something.