This System Is a Flexible Tool for Data Analysis, Since

question 24

Multiple Choice

This system is a flexible tool for data analysis, since its reports do not have a fixed format.

• A) Management information system
• B) Decision support system
• C) Transaction processing system
• D) Executive support system

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Definitions:

Negative Cross Elasticity

A situation where the demand for one product decreases as the price of another product decreases, indicating complementary goods.

Income Inelastic

Describes a good or service whose demand does not significantly change with a change in consumers' income.

Small Firms

Businesses with a relatively small number of employees or low volume of sales compared to larger industry players.