Operating Systems

question 29

Multiple Choice

Operating systems:

• A) are needed only for businesses that produce goods.
• B) must be different for different types of businesses.
• C) consist of the inputs, processes, and outputs of a business.
• D) focus on the systematic gathering, recording, and analysing of data relating to the marketing of goods and services.

---

Definitions:

Ameritech

A telecommunications company that was one of the Regional Bell Operating Companies following the breakup of AT&T.

Marginal Cost

The incremental cost of fabricating one more unit of a product or service.

Profit-maximizing Quantity

The point of production where a company reaches its maximum profit, occurring when marginal revenue is equal to marginal cost.

Profit-maximizing Price

The price at which a firm can achieve the highest possible profit.