Business Applications of Information Systems Are Typically Combinations of Several

question 71

Multiple Choice

Business applications of information systems are typically combinations of several types of information systems. This integration is referred to as _______________ systems.

• A) information reporting
• B) decision support
• C) cross-functional informational
• D) end user computing

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Definitions:

Private Goods

Goods that are both excludable and rival in consumption, meaning only paying customers can use them and one person's use diminishes others' ability to use them.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all without depletion from use by others.

Rivalry

Competition between businesses or individuals for market share, resources, or achievements.

Excludability

Excludability is a property of a good or service that allows its owner to prevent others from using it without permission, which is important for classifying goods in economic terms.