An Information System Which Combines Data from Internal TPS with Information

question 53

Multiple Choice

An information system which combines data from internal TPS with information from financial systems and external sources to deliver reports such as profit-loss statements and impact analyses,is an example of

• A)DSS.
• B)ESS.
• C)CDSS.
• D)MIS.
• E)GIS.

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Definitions:

Deadweight Loss

When a good or service fails to reach or cannot reach its market balance, an economic inefficiency occurs.

Maximize Loss

The strategic or accidental pursuit of actions that result in the largest possible financial loss, often used in theoretical analyses.

Deadweight Loss

The occurrence of reduced economic efficiency when a good or service's free market equilibrium is unmet.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable, often due to market inefficiencies like taxes or subsidies.