Match Each of the Following Terms with Its Corresponding Definition

question 15

Multiple Choice

Match each of the following terms with its corresponding definition.
-The practice of turning over responsibility of some to all of an organization's information systems applications and operations to an outside firm.

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

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Definitions:

Resource Unemployment

Refers to the state where economic resources are not being used to their full potential, contributing to less-than-optimal output or employment.

Potential Output

The highest level of economic output that can be achieved sustainably without causing inflation.

Long Run

A period in which all inputs can be adjusted by firms, and all market adjustments have been made.

Nominal Wages

The amount of money received by an employee before any deductions and not adjusted for inflation; the face value of wages.