What Is a Facility Used to House Management Information Systems

question 46

Multiple Choice

What is a facility used to house management information systems and associated components, such as telecommunications and storage systems?

• A) Call center
• B) Data center
• C) Delivery base
• D) Central center

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Definitions:

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly in response to price changes.

Inelastic Supply

A supply condition where quantity supplied does not change significantly when there is a change in price.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, leading to a reduction in total surplus.

Excess Burden

A measure of the economic loss that can occur when market behavior is distorted, often due to inefficient taxation or government policies.