Match Each of the Following Terms with Its Corresponding Definition

question 140

Multiple Choice

Match each of the following terms with its corresponding definition.
-The provision of computing resources over the Internet so that customers do not need to invest in the infrastructure to run and maintain an application.

• A)cloud computing
• B)reuse
• C)enterprise resource planning systems
• D)outsourcing
• E)request for proposal

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Definitions:

Agency

In economics and finance, refers to a relationship where one party, the agent, makes decisions or performs a service on behalf of another, the principal.

Cyclical Unemployment

Unemployment directly related to cycles of economic upturn and downturn.

Structural Unemployment

A form of unemployment caused by a mismatch between the jobs available and the skill levels of the unemployed, often due to technological changes or shifts in the economy.

Frictional Unemployment

Short-term unemployment occurring when individuals are between jobs or are seeking their first jobs.