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With Respect to the Types of Information Systems Used in Organizations,a

question 16

Multiple Choice

With respect to the types of information systems used in organizations,a product demand forecasting system is an example of a(n) ________ system.


Definitions:

Economic Analysis

The systematic approach to determining the most efficient use of resources, which includes researching, analyzing, and applying economic theories and practices.

Marginal Physical Product

The additional output produced by employing one more unit of a specific factor of production, keeping other factors constant.

Machines

Devices or systems that use mechanical power to perform specific tasks, often reducing human effort.

Marginal Revenue Product

The increased earnings obtained by utilizing an extra unit of a production resource or input.

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