Which of the Following Is an Example of a Low-Tech

question 26

Multiple Choice

Which of the following is an example of a low-tech information system?

• A)a customer support system that keeps track of the product issues
• B)a file of email addresses and an email program
• C)an inventory tracking system that produces reports every 24 hours
• D)a payroll management system with upgradable features

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Definitions:

Short Run

A period during which at least one input, such as plant size or capital, is fixed and cannot be changed, affecting a firm's production capabilities.

Break-even

The point at which total cost and total revenue are equal, resulting in no net loss or gain.

AVC Curves

Average Variable Cost curves, which illustrate the variable costs per unit of output produced, typically downward sloping, reflecting economies of scale.

ATC Curves

Graphs that represent the average total cost of production at different levels of output in economics.