Which of the Following Statements Is True About the Relationship

question 28

Multiple Choice

Which of the following statements is true about the relationship between business processes and information systems?

• A) Business processes and information systems have the same purpose.
• B) An IS in an organization is used by only one business process.
• C) Every activity in a business process is a component of an IS.
• D) All the elements of an IS are a part of the organization's business processes.

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Definitions:

Total Demand

The entire quantity of a product or service that consumers in a market are willing and able to purchase at various prices.

Marginal Revenue

The additional revenue that a firm receives from selling one extra unit of a product or service.

Demand Schedule

A Demand Schedule is a tabular representation of the relationship between the price of a good or service and the quantity demanded by consumers, underlining the law of demand.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain number of years.