Information systems affect managerial decision-making

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Reference no: EM132170798

1. Animal Treats Company has 500 kg of liver-flavoured dog biscuits that are not selling well. The selling price of the biscuits could be reduced from $3.10 to $2.65 per kg. Or, they could be cheese-coated and sold for $4.25 per kg; the additional processing cost would be $0.40 per kg. Cheese-coated biscuits sell very well. Which alternative probably has less uncertainty concerning volume of sales?

a) Reduce the price of liver-flavored biscuits

b) Proceed with the cheese coating

c) Both alternatives are uncertain

d) Uncertainty does not affect this decision

2. How does the use of sophisticated information systems affect managerial decision-making?

a) Sophisticated information systems always improve managerial decision-making

b) Sophisticated information systems always provide better information

c) Managers may rely more on information reports than on their own biases

d) The cost of sophisticated information systems may exceed their benefit

3. Which of the following statements about performance evaluation is true?

a) Nonfinancial measures are less useful than financial measures because they are not as objective

b) Financial measures are less useful than nonfinancial measures because they are biased

c) A combination of financial and nonfinancial measures gives a more useful picture of organizational performance than either one alone

d) Only one or two nonfinancial performance measures should be used

Reference no: EM132170798

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