A _____ MIS Uses Data Gathered from Both Internal and External

question 20

Multiple Choice

A _____ MIS uses data gathered from both internal and external sources to provide reporting and aid decision making in areas of product design,media selection,channel distribution,and product pricing.

• A) human resources
• B) financial
• C) marketing
• D) manufacturing

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Definitions:

Nominal Gross Domestic Product

The market value of all final goods and services produced within a country in a year, measured using current prices without adjustment for inflation.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, a measure of inflation or deflation.

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services, showing trends over time.

Base Year

A specific year against which economic, financial, or statistical data is standardized or indexed, allowing for comparison over time.