Computerized Information Systems Help Decision Makers Overcome Human Cognitive Limitations

question 18

True/False

Computerized information systems help decision makers overcome human cognitive limitations in assembling and processing varied information. However, this is of little use in most analytical applications.

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Definitions:

Adult Population

The segment of the population that comprises individuals who are considered adults, typically measured by age, and which can participate in activities such as voting and working.

Labor-force Participation Rate

The percentage of the working-age population that is either employed or actively looking for employment.

Population Participation

Often referred to as the labor force participation rate, it measures the proportion of the working-age population that is employed or actively looking for employment.

Labor Force

The total number of people who are available to work, including those who are employed and those who are unemployed but seeking work.