A(n) ______________________________ Is a Software Program Integrated into a Decision

question 64

Short Answer

A(n) ______________________________ is a software program integrated into a decision support system or other software tool that can perform tasks without further direction from the user.

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Definitions:

Economics

The social science that studies the production, distribution, and consumption of goods and services, focusing on how individuals, businesses, governments, and nations make choices on allocating resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Phenomenon

An observable event or a fact that is apparent and can be scientifically described or explained.

Free Lunch

A metaphorical expression that describes a situation where something is offered for free, implying hidden costs or implications.