________ Is the Practice of Turning Over Responsibility of Some

question 4

Multiple Choice

________ is the practice of turning over responsibility of some to all of an organization's information systems applications and operations to an outside firm.

• A)Outsourcing
• B)Reuse
• C)Nearshoring
• D)Time to market

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Definitions:

Purchasing Power

The ability of an individual or entity to buy goods and services, essentially reflecting the amount of goods or services that one unit of currency can buy.

Nominal Wage

The wage measured in dollars of the year in question; the dollar amount on a paycheck.

Disposable Income

The sum of money households can use for expenditure and savings once income taxes are deducted.

Deflation

An economic condition characterized by a general decline in prices, often resulting in decreased consumer spending and increased unemployment.