As a Business Professional, One Needs to Look at Information

question 80

Multiple Choice

As a business professional, one needs to look at information systems only through the lens of

• A) business need.
• B) technology.
• C) cost savings.
• D) software.
• E) business processes.

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Definitions:

Economic Systems

The structure and methods by which a society allocates resources and distributes goods and services among its population.

Business Risk

The potential for financial loss or failure in the operation of a company due to factors like market conditions, regulatory changes, or operational challenges.

Market System

An economic model where investment, production, and distribution decisions are influenced by supply and demand, with the prices of goods and services being set in a free pricing system.

Circular Flow Diagram

A visual model used in economics to show how money moves through the economy in a circular manner between producers and consumers.