A Management Information System Is ________

question 16

Multiple Choice

A management information system is ________.

• A) a system that supports managers by providing daily reports, schedules, plans, and budgets that can be used for making decisions
• B) an easy-access application of an information system designed for instant access by upper-level managers
• C) an information processing application for use in business activities involving well-defined processing steps
• D) an interactive system that locates and presents information needed to support the decision-making process

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Definitions:

Excess Supply

A market condition where the quantity of a good supplied is greater than the quantity demanded at the current price.

Equilibrium Price

The price at which the quantity of a good or service demanded meets the quantity supplied, resulting in market balance.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level.

Online Movie Distributors

Companies that provide movies over the internet, allowing users to stream or download films legally.