Which of the Following Terms Refers to the Interrelated People,data,technology,and

question 87

Multiple Choice

Which of the following terms refers to the interrelated people,data,technology,and organizational procedures a firm uses to collect,process,store,and disseminate information?

• A) talent management system
• B) information system
• C) competency model
• D) strategy map

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Definitions:

Utility Function

A mathematical representation of how consumers derive satisfaction or utility from consuming goods and services.

Goods

Tangible products or items that satisfy human wants or needs.

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford with a fixed amount of income.

Goods

Physical items that are produced and consumed by individuals or businesses to satisfy needs or wants.