Which of the Following Is Not Related to the Meaning

question 3

Multiple Choice

Which of the following is not related to the meaning of management information systems?

• A) The word "system" implies order, arrangement, and purpose.
• B) It provides data and information.
• C) To be considered a system, it needs to be on a computer and not manually regulated.
• D) It provides managerial information on a regular basis.

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Definitions:

Comparative Advantage

The expertise of an individual, a corporation, or a sovereign state to create a commodity or a service that bears a lower opportunity cost than that of competing entities.

Relative Costs

The cost of one good or service compared to another, often considered in terms of the opportunity cost of choosing one option over another.

Labor-Productivity

The measure of the amount of goods and services produced by one hour of labor.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.