The Major Benefit of Using an Information System Is That

question 60

True/False

The major benefit of using an information system is that the data stored in databases and other repositories can readily be processed to produce information.

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Definitions:

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Exports Cars

The activity of selling and shipping cars from one country to another, contributing to a country's trade balance.

Imports Cheese

The act of bringing cheese into one's country from another to sell.

Production Possibilities

A graphical representation that shows the maximum number of goods or services that can be produced with a given set of resources and technology.