________ Is a Segment of Technology Which Uses Computers and Telecommunication

question 25

Multiple Choice

________ is a segment of technology which uses computers and telecommunication devices that focus on the use of information in the performance of work.

• A)Information technology
• B)Controlling technology
• C)Corporate technology
• D)Strategic planning technology
• E)Management technology

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Definitions:

Production Function

A mathematical relationship capturing the quantity of output that can be produced from a given set of inputs, such as labor and capital, under certain assumptions of technology and efficiency.

Labor

Human effort, both physical and mental, used in the production of goods and services.

Output

The total amount of goods or services produced by a firm, an industry, or an economy, often measured within a specific time period.

Production Function

An equation or graph that indicates the maximum output that a firm can produce with a given set of inputs, such as labor and capital, under current technology.