_____ Systems Are Computerized Scoring Systems with the Factors Developed

question 43

Multiple Choice

_____ systems are computerized scoring systems with the factors developed on the basis of expert experience.

• A)Knowledge-based
• B)Factor testing
• C)Virtual concept
• D)Auto-scoring

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Definitions:

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where there are high barriers to entry for potential competitors.