The Study of MIS Is Not Just About Learning to Use

question 33

Short Answer

The study of MIS is not just about learning to use spreadsheets and databases,but about learning how to use these tools that to accomplish a(n)_________ purpose.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a balance without excess supply or demand.

Producer Surplus

The variance between the price producers want to sell an item for and the price they end up receiving.

Equilibrium Price

The price point at which the quantity of a good or service supplied equals the quantity demanded.

Consumer Surplus

The disparity in what consumers are willing to invest in a good or service compared to what they eventually invest.