Answer:
True
<h3>
What is an Information system?</h3>
- An Information System (IS) is a set of interrelated components that work together to collect, process, store, and disseminate information to support decision-making.
- They also support the coordination, supervision, analysis, and visualization of an organization.
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Answer:
Net Sales = $100,100
Sales Return and allowances = $4,500
Net income = $33,700
Explanation:
Cost of goods sold 48,200
Gross Profit 51,900
Net Sales 100100
Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500
Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800
Net income = Gross profit - Total operating expenses
=51900-18200
= 33700
Answer:
Oligopoly.
Explanation:
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
<em>The characteristics of an oligopolistic market structure are;</em>
<em>1. Mutual interdependence between the firms. </em>
<em>2. Market control by many small firms.</em>
<em>3. Difficult entry to new firms. </em>
The average increase in the value of an individual investment
The vision of an organization is vital for any organization but it is almost unachievable and majority of organizational visions fails in it as they are rational, time-bound and highly impersonal.
<h3>Why is a vision important to any organization?</h3>
A vision is really important for any organization because it serves as a strategic plan for success.
Vision provides the focus and direction, that helps to align everyone with the organization in order to achieve the desired goal.
It helps to increase efficiency and productivity in the organization.
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