Transaction and Clerical Systems That Displace Labor and Save Space

question 30

True/False

Transaction and clerical systems that displace labor and save space typically produce less tangible benefits than management information systems.

---

Definitions:

Consumer Surplus

The gap between the total price consumers are ready to pay for a good or service and what they actually spend on it.

Grapefruit

A citrus fruit known for its slightly bitter and sour taste, commonly used in juices, culinary dishes, and as a diet staple.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive, typically representing profits.

Producer Surplus

The split between the rate producers are willing to settle for a good or service and the rate they actually collect.