Which of the Following Statements Is True of Management Information

question 89

Multiple Choice

Which of the following statements is true of management information systems?

• A)The management information systems discipline had been in existence prior to the invention of the first generation computer.
• B)Management information systems lack the ability to support tactical decision making at the managerial level.
• C)The management information systems discipline draws interest from researchers and practitioners only from the computer science field.
• D)The study of information systems that includes how people, technology, processes, and data work together is called management information systems.

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Definitions:

Equilibrium Interest Rate

The equilibrium interest rate is the rate at which the demand for funds equals the supply of funds in the financial markets, balancing savings and borrowing.

Total Output

The complete quantity of goods or services produced by an entity within a specific period.

Loanable Funds

Financial resources available for borrowing, which constitute the supply in the loan markets.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on savings, indicating the cost of borrowing or the reward for saving.