A Computer System That Gathers Comprehensive Data,organizes It,and Summarizes It

question 52

Multiple Choice

A computer system that gathers comprehensive data,organizes it,and summarizes it in ways that are useful to managers for their nonroutine tasks is known as a(n) __________ system.

• A)Transaction-processing
• B)Artificial intelligence
• C)Expert
• D)Operations information
• E)Administration information

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Definitions:

Oligopolists

Firms or entities within an oligopoly, a market structure dominated by a few large producers or suppliers.

Game Theory

A theoretical framework for understanding strategies among rational decision-makers in situations of competition and cooperation.

Strategic Situations

Scenarios where the outcomes for individuals or entities depend not only on their own decisions but also on the actions of others.

Cost-benefit Analysis

A method of evaluating the feasibility and efficiency of a project or investment by comparing the expected benefits with the associated costs.