​One Common Element of All Types of Business Information Systems

question 48

Multiple Choice

​One common element of all types of business information systems is that they all _______.

• A)use client/server architecture
• B)​interact with investors
• C)interact with customers
• D)​use database technology

---

Definitions:

Consumer Surplus

The amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Monopolistically Competitive Price

Refers to the price level set by firms in a monopolistically competitive market, where many firms sell products that are differentiated from one another and not perfect substitutes.

Price Increases

A rise in the cost of goods or services, often measured by the rate of inflation.

Quantity Demanded

The total amount of a good that consumers are willing to purchase at a given price over a specified period.