When a Supermarket Uses Technology to Record the Sale of Items

question 84

Multiple Choice

When a supermarket uses technology to record the sale of items and track inventory levels, this is an example of a(n) ________ system.

• A)operations information
• B)transaction-processing
• C)decision support
• D)e-commerce

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Definitions:

Total Cost

The sum of all expenses, both fixed and variable, involved in producing a good or providing a service.

Fixed Cost

Costs that do not change in total regardless of the level of output or activity in the short term.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Variable Cost

Costs that change in proportion to the level of activity or volume of production in a business.