Which of the Following Statements Successfully Differentiates the Term MIS

question 201

Multiple Choice

Which of the following statements successfully differentiates the term MIS from IT?

• A) IT focuses on hardware whereas MIS focuses on software
• B) IT supports the information-processing needs of operations whereas MIS supports the needs of management
• C) IT is a component of MIS
• D) IT is a department whereas MIS is a system

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Definitions:

Market Power

The ability of a company or group of companies to manipulate or control prices and total market output.

Oligopolistic

Pertaining to a market structure characterized by a small number of firms whose actions and policies can significantly impact the entire market.

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and full information.

Monopolistic Competition

A market structure marked by many competing firms offering products or services that are similar, but not perfect substitutes.