Examlex

Solved

An Entire Information System Is Broken Down into Its Subsystems

question 35

Multiple Choice

An entire information system is broken down into its subsystems by using:


Definitions:

Labor

The use of human labor, be it physical or intellectual, in generating goods and services.

MRTS

Marginal Rate of Technical Substitution. It's the rate at which one input can be reduced for every increase in another input, keeping output constant.

Labor

The application of human physical and mental efforts in the creation and offering of goods and services.

Capital

Assets that are used in the production of goods and services, often classified into physical capital (like machinery) and financial capital.

Related Questions