The Period of Time When a Firm Is Unable to Change

question 156

Multiple Choice

The period of time when a firm is unable to change all of inputs,or factors of production,is called the

• A) economic term.
• B) short run.
• C) accounting term.
• D) long run.

Understand the strategic alignment between organizational mission, IS requirements, and IT strategic planning.

Identify the roles and responsibilities of the IT steering committee in aligning IT with business strategy.

Recognize the importance of choosing appropriate development models and the implications of outsourcing.

Comprehend the concept of Shadow IT and its implications for organizational IT governance.

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Definitions:

Utility

the total satisfaction or benefit derived from consuming a good or service.

Individual's Intelligence

A measure of a person's cognitive capabilities, including the ability to learn, understand, and apply knowledge.

Executive Control Processes

The cognitive processes that regulate an individual's ability to organize thoughts, actions, and emotions to achieve goals.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.