Business Informatics Focuses on How to

question 91

Multiple Choice

Business informatics focuses on how to

• A)Visualize data
• B)Store data
• C)Keep data secure
• D)Use information technology to solve business problems

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Definitions:

Ration Goods

Products that are distributed in limited quantities, often through a system of rationing, due to shortages or wartime conditions.

Efficient

In economics, describing an allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Price Controls

Government interventions to regulate the maximum or minimum prices of certain commodities or services, aiming to prevent market imbalances.

Market Price

The existing rate at which an asset or service is available for buying or selling in a competitive environment.