Customer Numbers and Their Names Would Be an Example of the ________

question 39

Multiple Choice

Customer numbers and their names would be an example of the ________ component of an order management information system.

• A) software
• B) information
• C) procedure
• D) hardware
• E) people

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, which are incurred regardless of the quantity produced.

Patent

A legal right granted by a government to an inventor, giving the holder exclusive rights to use, sell, and manufacture the invention for a certain period of time.

Zero Marginal Cost

A situation where producing one additional unit of a good or service does not increase the total cost of production.

Fixed Cost

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent or salaries.