The Critical Difference Between Information Systems and Information Technology Is

question 78

Multiple Choice

The critical difference between information systems and information technology is?

• A)The way computers are used.
• B)The information and data.
• C)The people.
• D)The computers.
• E)The computer programs.

---

Definitions:

Profit-maximizing Price

The price level at which a business can achieve the highest possible profit, given its production costs and demand for its products.

Break-even

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Profit-maximizing

A strategy or condition where a firm adjusts its production to achieve the highest possible profit based on its costs and the market price.

Shut-down Point

The price and quantity point at which a business ceases operations because continuing would result in losses.