A(n)________ Is Typically a Major Source of Data for Other

question 63

Multiple Choice

A(n) ________ is typically a major source of data for other systems.

• A)TPS
• B)MIS
• C)ESS
• D)DSS
• E)KMS

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit.

Consumer Surplus

The difference in the total amount expected to be paid by consumers for a good or service and the actual payment made.

Willingness to Pay

Willingness to Pay is the maximum amount an individual or organization is ready to spend to procure a product or service, reflecting the value they attach to it.