Which of the Following Statements Correctly Describes the Five-Component Model

question 95

Multiple Choice

Which of the following statements correctly describes the five-component model of an information system?

• A)The software and procedure components are both sets of instructions.
• B)The five components in the framework are asymmetrical.
• C)The computer is the bridge between the data on the left and the human side on the right.
• D)The process of automation is a process of moving work from the left side to the right.

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Definitions:

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Economic Thought

A branch of economics that studies the evolution of economic ideas and theories over time.