A ____ Is a System That Gathers,organizes,summarizes,and Reports Data for Use

question 54

Multiple Choice

A ____ is a system that gathers,organizes,summarizes,and reports data for use by managers.

• A)management information system
• B)decision support system
• C)transaction-processing system
• D)distributed system
• E)software system

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Definitions:

Comparative Advantage

The ability of a country to produce a specific good or service at a lower opportunity cost than a rival.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Rival Nation

A country that competes with another, often in economic, military, or technological aspects.

Mercantilism

An economic theory and practice that promotes government regulation of the nation's economy to increase state power at the expense of rival national powers.