A(n)_____ Represents a Person,a Place,an Event,or a Transaction That Is

question 45

Multiple Choice

A(n) _____ represents a person,a place,an event,or a transaction that is significant to the information system.

• A) object
• B) instance
• C) class
• D) model

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Definitions:

Property Rights

Property rights are the legal rights to use, control, and dispose of property, including land, buildings, or intellectual property.

Central Planning

A system where a nation's government makes all decisions regarding the economy, including resources allocation and production levels.

Unselfish Behavior

Actions that prioritize the welfare of others over one's own personal benefit.

Economic System

A particular set of institutional arrangements and a coordinating mechanism for solving the economizing problem; a method of organizing an economy, of which the market system and the command system are the two general types.