Some of These Systems Have the Ability to Retrieve Information

question 45

Multiple Choice

Some of these systems have the ability to retrieve information from databases outside the company,such as business-news services.

• A)transaction processing system (TPS)
• B)decision support system (DSS)
• C)management information system (MIS)
• D)executive support systems (ESS)

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Definitions:

Exhibits

Displays or presentations, often in museums or galleries, that showcase artifacts or works of art for public viewing.

Economies of Scale

Refer to the cost advantages that enterprises obtain due to their scale of operation, typically resulting in the reduction of cost per unit.

Diseconomies of Scale

The phenomenon when a company or business grows so large that the costs per unit increase, leading to inefficiency.

Long-Run

A time period in economics where all inputs are variable, allowing firms to adjust all factors of production.