For A(n)_____ System to Be Useful, It Should Collect Data

question 16

Multiple Choice

For a(n) _____ system to be useful, it should collect data related to an organization's critical success factors-issues that make or break a business.

• A)group support
• B)decision support
• C)executive information
• D)geographic information

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Definitions:

Substitution Effect

The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.

Income

The monetary amount received by an individual or entity in exchange for labor, services, or investment.

Price

The amount of money or compensation exchanged for the ownership or use of a good or service.

Apples

A type of fruit that comes in various colors and flavors, commonly grown in temperate climates.