Which of the Following Statements Concerning the Management of Information

question 28

Multiple Choice

Which of the following statements concerning the management of information resources is not true?

• A) They have an enormous strategic value within an organization and therefore are relied on.
• B) Information systems are expensive to acquire, operate, and maintain.
• C) Computers are decentralized throughout the organization, which makes it harder to manage.
• D) Managing mainframes has become more difficult.
• E) Managing information resources is divided between the MIS department and end users.

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Definitions:

Income Elasticity

Income elasticity of demand measures how much the quantity demanded of a good changes as consumer income changes.

Low-quality Beef

This refers to beef that does not meet certain standards of texture, flavor, or nutritional value.

Cross-price Elasticity

Cross-price elasticity measures how the quantity demanded of one good responds to a change in price of another good, indicating the degree of substitutability or complementarity between them.

Elasticity of Supply

The measure of how much the quantity supplied of a good changes in response to a change in price.