Examlex
In the five-component model of information systems, which of the following components is considered an actor?
Objective Function
A mathematical function used in optimization to define the goal of the decision-making process, such as maximizing profit or minimizing cost.
Products
Products are goods or services offered by a business to satisfy consumer needs or wants.
Costs
The values of resources expended in order to achieve a certain objective, such as production or delivering services.
Iso-profit Line
A graphical representation in economics showing all possible combinations of two inputs that yield the same profit level.
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