Which of the Following Reasons Is Valid for a Company

question 22

Multiple Choice

Which of the following reasons is valid for a company to create a new information system?

• A)to project a modern image
• B)to avoid falling behind the technology curve
• C)to help employees achieve the strategies of the business
• D)to show its social networking presence

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Definitions:

Income Distribution

How the total earnings are distributed among people or families within an economic system.

MRP Curve

The Marginal Revenue Product curve, showing how the additional revenue from selling one more unit of a product changes with the quantity of the product sold.

Labor Demand Curve

A graphical representation of the quantity of labor employers are willing to hire at each possible wage rate, holding all other factors constant.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, with significant changes in demand occurring with small changes in price.