Francis Works in the Human Resources Division of a Large

question 164

Multiple Choice

Francis works in the human resources division of a large oil and gas company in Texas.Francis's tasks include maintaining payroll and vacation records, employment histories, and benefit information along with ensuring the security of all sensitive employee information.Which MIS infrastructure is most important to Francis?

• A)Information MIS infrastructure
• B)Agile MIS infrastructure
• C)Sustainable MIS infrastructure
• D)Virtualized MIS infrastructure

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Definitions:

Constant Cost Industry

An industry in which the costs of production do not change as the industry's output changes.

Natural Monopoly

A market situation in which the average costs of production continually decline with increased output. In a natural monopoly, the average costs of production will be lowest when a single, large firm produces the entire output demanded by the marketplace.

Perfectly Elastic

Perfectly elastic refers to a situation in economic theory where the quantity demanded or supplied of a good changes infinitely in response to any change in price.

Price-taker Industry

An industry in which companies have no control over the prices they charge because these prices are determined by the overall supply and demand in the market.