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An organisation is reviewing its decision-making information systems and has asked you to recognize suitable assessment criteria for this review.
Value for money. Value for money offered by the information systems that make decision making information is a relevant criterion. Value for money is often expressed as the 3 Es - Economy, Efficiency and Effectiveness.
Cost. Ongoing cost of the existing system is obviously a important criterion especially when set against other factors like as other organisational investments.
Timeliness. Information must be given to decision-makers in sufficient time for it to be used in the decision-making process.
Relevance. Information requires to be relevant to the decision being made by decreasing uncertainty and enhancing knowledge about that decision.
Q. Evaluating the performance of divisions? The controllability principle is concerned with assessing performance based upon measures that can be controlled only by a manager a
WHAT ARE THE CHARACTERISTICS OF EACH COMPONENT OF THE GE MATRIX?
This introduction of technology (for example, the Internet/mobile technology/software) has eliminated some industries and has significantly impacted/threatened several others. Howe
Q. Show the Limitations of ratio analysis ? A ratio on its own is meaningless, accounting ratios must always be interpreted in relation to other information. Ratios based on h
(A) What is the optimal solution, i.e., how many units of every watch should be formed to maximize daily profits and how much daily profit will the company create? (B) How m
Using a combination of online and paper resources, find out as much as you can about the seven materials listed below. In particular, consider the QUANTITATIVE values for their pr
Pioneering development of GIS
Q. Explain Two-part tariff system? With a two-part tariff system the buyer is charged: A transfer price equal to the seller's variable (marginal) cost for each unit sold
An organization is unable to secure enough resources or competence.
Recommendation for future strategies, Strategic Management. Conclusion
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