Mikhel Works at a Local Amusement Park Which,rather Than Having

question 37

Essay

Mikhel works at a local amusement park which,rather than having patrons pay per ride,they purchase an admission card for the day and scan the card at the entrance of each ride.Mikhel thinks that through scanning the cards,the park could be improved.Which type of information system do you think would be most helpful to Mikhel and what would you encourage him to do with the system?

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Definitions:

Price Level

The aggregate average price of goods and services in the economy at present.

Rate of Interest

The interest segment of a loan charged to the borrower, frequently expressed in terms of an annual percentage of the current loan balance.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or investment.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.