Which of the Following Is Not a Component of a Computer-Based

question 47

Multiple Choice

Which of the following is not a component of a computer-based information system?

• A) Hardware
• B) Networking
• C) Data
• D) Procedures
• E) Software

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Definitions:

Interest Forgone

The potential interest one could have earned on their money if it had been invested rather than spent or kept in a non-interest-bearing account.

MC (Marginal Cost)

The additional cost resulting from the production of one more unit of a product or service.

ATC (Average Total Cost)

The total cost of production divided by the quantity of output produced, representing the per-unit cost of production.

MR (Marginal Revenue)

The increment in revenue that results from the sale of one additional unit of a product or service.