When John B

question 61

Multiple Choice

When John B. Watson made the statement that if he had a dozen infants he could take any one of them at random and train him to be a doctor, merchant, thief, etc., he was referring to the powerful effect of

• A)nature.
• B)temperament.
• C)the human growth sequence.
• D)the environment.

Understand the traditional and consultative functions of the MIS department.

Differentiate between data, information, knowledge, and wisdom.

Identify various components of IT infrastructure including hardware and software.

Recognize the role of different management levels and workers in utilizing MIS.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production labor.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like lease payments or employee wages.

Net Income

The amount of profit left after all operating expenses, taxes, and costs have been subtracted from total revenue.

Variable Costs

Expenses that fluctuate with the level of output or sales, such as raw materials and direct labor.