Which of the Following Is a Function of an IT

question 6

Multiple Choice

Which of the following is a function of an IT service firm?

• A)Run applications for customers
• B)Support an order entry system
• C)Rent licenses
• D)Provide open source software

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Definitions:

Domestic Supply

The total amount of a product or service that is available for consumption or use within a domestic market.

Trade Restrictions

Regulations imposed by governments to limit the free exchange of goods and services across borders, including tariffs, quotas, and embargoes.

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported goods, based on quantity rather than value.

Lump-Sum Tax

A fixed amount of tax that an individual or business is required to pay, regardless of income or transaction value.