________ Is the Computer Program Component Within a Functional IS

question 47

Multiple Choice

________ is the computer program component within a functional IS.

• A)Functional application
• B)Functional software
• C)Functional database
• D)Functional operation

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power and potentially unfair outcomes.

Defective Used Cars

Cars that have been previously owned and have hidden defects not immediately apparent to buyers.

Potential Buyers

Individuals or entities that are considered likely or able to purchase a product or service based on their interest, needs, or financial capability.

Moral Hazard

The situation where one party engages in risky behavior because it knows another party bears the consequences or risks.