Which of the Following Is a Characteristic of Enterprise Information

question 77

Multiple Choice

Which of the following is a characteristic of enterprise information systems?

• A) They do not document procedures as the procedures are simple and informal.
• B) They are shared between two or among more independent organizations.
• C) They typically have hundreds to thousands of users.
• D) They are limited to a single department in an organization.

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equitable market outcome is not achieved, often due to taxes, subsidies, or artificially imposed prices like price ceilings or floors.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information that leads to firms being price takers.

Short-Run Supply Curve

A graphical representation showing the quantity of goods a firm is willing and able to supply at different prices in a given short-term period, holding some factors constant.

Marginal Cost Curve

A graph that displays how the expense of producing one additional unit of a good changes as production volume varies.