The Component of an Information System Which Includes an Organization's

question 9

Multiple Choice

The component of an Information System which includes an organization's intranet is ____________.

• A)Hardware
• B)Software
• C)Network
• D)Data

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Definitions:

Monopolies

Market structures characterized by a single seller who controls the market supply of a good or service and can influence the price.

Efficiency

The optimal allocation of resources to maximize desired outputs without wasting any input.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual price they receive.

Monopolist

An entity or individual that holds a monopoly, having exclusive control over the supply of a particular good or service in the market.