Which of the Following Statements Is True About the Management

question 10

Multiple Choice

Which of the following statements is true about the management and use of information systems?

• A)An employee must be a programmer to manage information systems.
• B)Information systems must be adapted to new requirements.
• C)Information systems need not be maintained after development.
• D)Organizations with dynamic business environments do not use information systems.

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Definitions:

Total Revenue

The total amount of money a firm receives from sales of its goods or services.

Price Elasticity

A measure of how the quantity demanded of a good or service changes in response to a change in its price.

Equation

A mathematical statement that asserts the equality of two expressions, often used to solve problems and express relationships in various fields.

Cross Price Elasticity

An indicator of the sensitivity of the demand for one product in relation to the price variations of a different product.