Identify How Information Systems Help an Organization

question 63

Multiple Choice

Identify how information systems help an organization.

• A)It helps the organization reduce cost of products and services.
• B)It helps the organization use a series of short codes to represent data.
• C)It helps the organization with self documenting.
• D)It helps the organization use codes which are automatically generated and designed.

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Definitions:

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real volume of production.

Price Level

The overall price mean for each and every product and service in the economic sector.

Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level in an economy and the total output produced by firms at that price level.

Aggregate Demand

Aggregate demand represents the total demand for all goods and services in an economy at a given overall price level and in a given time period.