A Reasonable Estimate Is That Off-The-Shelf Software Can at Best

question 75

True/False

A reasonable estimate is that off-the-shelf software can at best meet 70 percent of an organization's needs.

---

Definitions:

Average Fixed Costs

The total fixed costs divided by the quantity of output produced, indicating the cost per unit that does not change with output level.

Average Total Costs

The cost of producing each unit, calculated by dividing the entire production cost by the total number of units made.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service.

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.