Jane Works for a Successful Business That Publishes a Popular

question 86

Multiple Choice

Jane works for a successful business that publishes a popular monthly magazine. She is responsible for ensuring that the business has the correct information systems in place to allow the business to operate efficiently and effectively.
-Management has asked Jane to find an information system that will help them solve semi-structured problems.Jane knows that such a system is called a(n) ____.

• A) decision support system
• B) management information system
• C) transaction processing system
• D) expert system

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Definitions:

Interest

The cost of borrowing money or the return on investment for savings and investments, typically expressed as an annual percentage rate.

Risk Averse

Describing individuals or entities that prefer to avoid risk and would rather choose an alternative with a more certain but possibly lower return, than an option with a higher but uncertain return.

Utility Function

A mathematical representation that relates an individual’s consumption bundle to the level of satisfaction or utility derived from it.

Marginal Utility

The additional satisfaction or utility gained from consuming or using one more unit of a good or service.