Building a Business Case for an IT Investment

question 23

Multiple Choice

Building a business case for an IT investment:

• A) Allows management to establish priorities for investing in different projects.
• B) Helps gain commitment for the IT investment from business managers.
• C) Creates a basis for monitoring the investment.
• D) Identifies the benefits of the investment.
• E) All of the above.

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Definitions:

Production Function

A formula detailing how input factors like raw materials and labor are turned into output or goods.

Inputs

Inputs like workforce, raw materials, and funds that are employed in the manufacturing process to produce products or services.

Output

The total amount of goods or services produced by a business, industry, or country.

Isoquant

A curve representing all combinations of inputs that produce the same level of output, used in the analysis of production decisions.