A(n)_________develops a Specific System and Companies Purchase the Service Without

question 3

Multiple Choice

A(n) _________develops a specific system and companies purchase the service without ever installing the system on their own computers.

• A) file server
• B) regional bell operating system
• C) open systems interconnection reference model
• D) application service provider
• E) inter-exchange carrier

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry, which can significantly influence productivity and economic growth.

Capital

Wealth in the form of money or other assets owned or used by a person or organization for a particular purpose such as investment in productive projects.

Foreign Exchange Reserve

Holdings of foreign currencies and precious metals by a country's central bank or monetary authority, used to back its liabilities and influence monetary policy.

Banks

Institutions licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.