The Different Types of Information Systems That Have Been Developed

question 80

Multiple Choice

The different types of information systems that have been developed to support certain aspects and types of decisions are collectively called _____ systems.

• A)management support
• B)supply chain management
• C)electronic meeting
• D)geographic information

---

Definitions:

Self-Sufficiency

The ability of an individual, community, or nation to provide for all of its needs without external assistance.

Economic Interaction

Economic interaction involves the exchange of goods, services, and resources among individuals, businesses, and governments within and across economies.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other competitors.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently (using fewer resources or generating higher output) than another entity.