A Focus on Data,storage,processing,and Flows at the Operational Level and Efficient

question 28

True/False

A focus on data,storage,processing,and flows at the operational level and efficient transaction processing is referred to as a management information system (MIS).

---

Definitions:

Economic Systems

The organizational structures societies use to allocate resources, distribute goods and services, and make production decisions.

Mixed-Market Economy

An economic system that combines elements of both capitalism and socialism, featuring a combination of free market principles and government intervention.

Laissez-Faire Economy

An economic system where transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Laissez-Faire Capitalism

An economic system where private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.