Information Systems That Focus on Operational and Managerial Applications in Support

question 101

Multiple Choice

Information systems that focus on operational and managerial applications in support of basic business functions, such as accounting or marketing, are known as _______________.

• A) functional business systems
• B) strategic information systems
• C) executive information systems
• D) knowledge management systems

Grasp the concept of hierarchical organization and its benefit for memory.

Explain the significance of imagery and associations in memory improvement.

Understand various types of compensation and employee benefits.

Identify the principles and techniques of employee and job management.

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Definitions:

Allocative Efficiency

The optimal distribution of resources in an economy, ensuring that each good or service is produced up to the point where the last unit provides a benefit equal to the cost of producing it.

Perfectly Elastic

Describes a situation in demand or supply where the quantity demanded or supplied changes by an infinite amount in response to any change in price.

Monopolistically Competitive

Referring to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopolist

A market structure where a single firm is the sole producer for a product or service, with no close substitutes, giving it significant market power.