The Choice of Developing Its Own System or Acquiring a Software

question 73

Multiple Choice

The choice of developing its own system or acquiring a software package from an external vendor is also called this type of decision:

• A)Point-scoring decision
• B)Make-or-buy decision
• C)Overall feasibility decision
• D)PERT decision

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Definitions:

Current Year

The ongoing year according to the Gregorian calendar, continuously updating as time progresses.

Paasche Price Index

A price index that measures the price changes between the current and base period by using the current period quantities as weights.

Doggerel

Doggerel denotes poorly written verse, often characterized by its triviality or nonsensical content.

Paasche Price Index

A price index that measures the change in the purchasing power of a basket of goods and services, using the current period consumption pattern as the weight.