It Is Important to Appreciate the Ethical Issues Involved in the Development

question 57

Multiple Choice

It is important to appreciate the ethical issues involved in the development and use of information systems because ________.

• A)the data they contain is vast and personal
• B)the revenue of organizations is closely tied to their use
• C)they are not regulated by any governmental bodies
• D)they can be mass-produced by organizations with limited technical expertise

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Definitions:

Average Total Cost

The total cost divided by the quantity produced, denoting the cost per unit of production.

Natural Monopoly

A market structure where a single supplier is most efficient in producing the goods due to high fixed or startup costs, making it unfeasible for new entrants to compete.

Producer Surplus

The variance between the intended selling price by producers and the real price they end up receiving.

Consumers

Individuals or entities that purchase goods and services for personal use.