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Once the SDLC has identified which types of IT systems are appropriate for the company, the IT governance committee becomes the mechanism to properly manage the development, acquisition, and implementation of the IT system.
Pure Rent
Income received by a landowner for the use of a natural resource, land, or location that is essentially in fixed supply.
Pure Rent
Income earned from owning a resource completely fixed in supply, with no additional production cost.
Fixed Supply
A situation where the quantity of a good available is constant and does not change with price.
Demand Determined
A characteristic of markets where the quantity of goods or services sold is primarily influenced by consumer demand.
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