Are Integrated Systems Including Hardware, Communications Network, Data Base, Model

question 70

Multiple Choice

are integrated systems including hardware, communications network, data base, model base, software base, and the user (decision maker) that collect and interpret information for decision making.

• A) Decision support systems (DSS); DSS
• B) Marketing information systems (MIS); MIS
• C) Management information systems (MIS); MIS
• D) none of the above

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the average cost per unit of output decreases with increasing scale.

Monopolist

A sole provider of a particular good or service in a market, possessing the power to control prices and exclude competition.

Price Maker

A firm or entity that has significant control over the price of the goods or services it provides, due to lack of competition.

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.