Improved Asset Utilization,improved Resource Control and More Timely Information Are

question 152

Multiple Choice

Improved asset utilization,improved resource control and more timely information are all examples of ________ of information systems.

• A)tangible benefits (cost savings)
• B)intangible benefits
• C)costs
• D)liabilities

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Definitions:

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its previous value, usually expressed as a percentage.

Income Elasticity

A measure of how much the demand for a product changes with a change in consumers' income.

Completely Inelastic

A situation in which the demand or supply for a good or service is totally unresponsive to price changes.

Inelastic

Describes a condition where the demand or supply for a good or service is not significantly changed by changes in price.