whether or not to outsource cell phone production to an overseas plant, basing the decision orn location, availability of raw materials, and labor costs. Which type of information system is most likely to meet the manager's needs? ,. If the price elasticity of demand of a product is 26. A business strategy manager must determine 23. 0.5 when the price of the product is $10, which of the following is true? (A) Demand is relatively inelastic, and hence a price slightly higher than $10 will reduce the total revenue. (A) Transaction processing system (B) Process control system C) Enterprise collaboration system (D) Decision support system (B) Demand is relatively inelastic, and hence a price slightly higher than $10 will increase the total revenue. C) Demand is relatively elastic, and hence a price slightly higher than $10 will reduce the total revenue. 27. Which of the following software applications is most likely used to calculate the total payment due on a 30-year loan of $100,000 at 8 percent interest? (D) Demand is relatively elastic, and hence a price slightly higher than $10 will increase the total revenue. 24. The weighted-average cost of capital is most (A) Database (B) Spreadsheet (C) Scheduling (D) Pivot table likely highest for which of the following? (A) A long-term bond in a large blue-chip (B) Common stock in in a large blue-chip (C) A long-term bond in a developmental-stage company company biotechnology company biotechnology company 28. A bin contains ten parts, only two of which are defective. If two parts are selected at random, what is the probability that neither of the parts chosen is defective? (A) 56/90 (B) 56/100 (C) 2/90 (D) 4/100 stock has a beta of 1.3, and a utility company stock has a heta of o