Which of the Following Choices Is Not One of the Three

question 13

Multiple Choice

Which of the following choices is not one of the three basic elements of an information processing system?

• A)input
• B)processing
• C)storage
• D)output

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Definitions:

Rent

Payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or another property.

MRP

The additional revenue produced by increasing one unit of a production input, emphasizing the productivity aspect in revenue generation.

Factor of Production

Resources used in the creation of goods or services, commonly categorized into land, labor, capital, and entrepreneurship.

Wage Rate

Remuneration paid by employers to employees for their labor, calculated on an hourly or annual basis, a key factor in employment decisions.