Who Uses Management Information Systems

question 2

Multiple Choice

Who uses management information systems?

• A) Employee-level workers
• B) Supervisors
• C) Middle-level managers
• D) Top-level managers

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Definitions:

Price Elasticity

A tool for measuring how changes in price impact the demand for a particular item.

Excise Tax

Excise Tax is a specific tax levied on particular goods, services, or transactions, often included in the price of products like gasoline, tobacco, and alcohol.

Income Elasticity

A gauge of the extent to which the consumption of a good or service is affected by alterations in the income levels of consumers.

Inferior Good

A type of good for which demand decreases when consumer income rises, contrary to normal goods where demand increases with rising income.