An Information System Depends on All of the Following Resources

question 28

Multiple Choice

An information system depends on all of the following resources except:

• A)Hardware
• B)Software
• C)People
• D)Networks
• E)Time

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Definitions:

Competitively Organized

Referring to markets or industries where multiple firms exist in competition with one another, ensuring no single entity controls the market prices or supply.

Economic Profits

Profits that exceed the opportunity costs of all inputs, considering both explicit and implicit costs.

Economic Consultant

A professional who provides expert advice on economic strategies, market analysis, policy formulation, and financial planning to businesses or governments.

Short Run

An economic duration where a minimum of one factor, like the size of a facility, remains constant and unchangeable.