The Function of Which of the Following Components of an Information

question 85

Multiple Choice

The function of which of the following components of an information system is to oversee if every data transaction made by an employee is logged in the information system?

• A)strategy
• B)technology
• C)process
• D)data

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Definitions:

Marginal Product

This measures the additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.

Total Output

The entire quantity of goods or services produced by an individual, firm, industry, or economy within a specified period.

Implicit Costs

Costs that represent the value of resources used in production for which no direct payment is made.

Explicit Costs

Direct, out-of-pocket payments a firm makes to purchase the inputs it needs for production, such as wages, rent, and materials.