MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 88

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-A B2B site that allows buyers, sellers, distributors, and manufacturer to offer products, submit specifications, and transact business.

• A)MIS
• B)network model
• C)object model
• D)fuzzy logic
• E)ERP
• F) team leaders
• G) operational employees
• H) supply chain management
• I) data model
• J) prototype

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Definitions:

Decision Makers

Individuals or groups responsible for making choices that determine the course of actions to be followed.

Efficient

The property of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.

Marginal Benefit

Marginal benefit is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Social Cost

The total cost to society, including both private costs borne by the producer and external costs borne by others, of producing a good or service.