After All of the RFPs Have Been Received, Either the IT

question 42

Multiple Choice

After all of the RFPs have been received, either the IT governance committee or the project team will evaluate the proposals in order to select the best software package.Things that must be considered would include:

• A)The match of the system and the user needs to the features of the software
• B)Testimonials from other customers who use the software
• C)Reputation and reliability of the vendor
• D)All of the above

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Definitions:

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by the point where marginal revenue equals marginal cost.

Minimum Level

The Minimum Level refers to the least amount, extent, or degree that is acceptable or achievable in a specific context.

Marginal Cost

The financial requirement for producing a supplementary unit of a product.

Average Total Cost

The total cost divided by the quantity of output produced, representing the average cost per unit of output.