The Three Primary Types of Information Systems Are Transaction Processing

question 13

True/False

The three primary types of information systems are transaction processing systems,management information systems,and decision support systems.

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Definitions:

Specialization

The process of focusing on a narrow area of expertise or production to increase efficiency and output.

Individual Level

Refers to analysis or effects observed at the level of individual agents, such as persons or firms, within a larger system.

Abilities of Resources

The skills, knowledge, and competencies that economic resources like labor, capital, and land possess.

Barter

The trade of goods or services among individuals without employing money as a means of transaction.