A__________is an Organized Integration of Hardware and Software Technologies, Data

question 64

Multiple Choice

A__________is an organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes.

• A) management information system
• B) transaction-processing system
• C) sequential processing system
• D) data warehousing system
• E) Select

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Definitions:

Budget Line

A visual depiction showing all the different pairs of two products that can be bought within a certain budget at particular price levels.

Market Baskets

A set of goods or services used as a standard for comparing purchasing power or cost of living in different locations.

Completeness

In economics, completeness refers to a property of preferences indicating that any two bundles of goods can be compared, allowing for decisions on which is preferred or if they are equally desirable.

Transitivity

A principle in decision making that if option A is preferred over B, and B is preferred over C, then A should be preferred over C.