Which of the Following Statements About Human Judgment and Information

question 35

Multiple Choice

Which of the following statements about human judgment and information technology in the AIS is most true?

• A)Information technology is a substitute for human judgment.
• B)Human judgment is a substitute for information technology.
• C)Information technology can enhance human judgment.
• D)Both information technology and human judgment are essential in any AIS.

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Definitions:

Revenue

The total amount of money that a company receives from its activities, usually from the sale of goods and services to customers.

Identical Demand

A market condition in which all consumers have the same desire or need for a product, leading to a uniform demand curve.

Economic Profit

The balance difference between total revenues and complete costs, encompassing both overt and intangible costs.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize profits illegally or unethically.