In a Grocery Store, a Clerk Uses a Barcode Scanner

question 74

Multiple Choice

In a grocery store, a clerk uses a barcode scanner to read the barcode on an item. Which of the following components of an information system includes this scanning device?

• A) hardware
• B) software
• C) data
• D) procedure

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Definitions:

Backward Bending

A concept in labor economics where an individual's labor supply curve bends backwards, indicating that they will supply less labor as wages increase beyond a certain point due to the substitution of leisure for work.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, a crucial factor in determining how many workers to hire in production.

Demand Schedule

A schedule of quantities of a good or service that people are willing to buy at different prices.

Secondary Labor Market

Employment sectors characterized by lower pay, less job security, and fewer benefits, often including part-time or temporary jobs.