Matching ​Identify the Letter of the Choice That Best Matches the the Phrase

question 69

Multiple Choice

Matching
​Identify the letter of the choice that best matches the phrase or definition.
-Produces a graphical representation of a concept or process that systems developers can analyze, test, and modify

• A)​Management information system (MIS)
• B)​Modeling
• C)​Message
• D)Spiral model
• E)​Enterprise resource planning (ERP)
• F)​Team leaders
• G)​Operational employees
• H)​Supply chain
• I)​Scalable design
• J)Prototype ​In many large companies, these kinds of systems provide cost-effective support for users and managers throughout the company.

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Definitions:

ATC

Average Total Cost (ATC) refers to the total cost per unit of output, calculated by dividing the total cost of production by the quantity of output produced.

MR

Marginal Revenue is the additional income generated from selling one more unit of a good or service.

Identical Product

Goods or services that are exactly the same in quality, size, and specifications, making them indistinguishable from one another to consumers.

Making a Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in maintaining the operation.