The Combination of Hardware, Software, and Other Resources Used to Increase

question 50

True/False

The combination of hardware, software, and other resources used to increase productivity and facilitate communications in the office, is collectively referred to as a(n) system development life cycle . _________________________

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Definitions:

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Physical Capital

Assets owned by a business that are tangible and can be used in the production process, such as machinery, buildings, and equipment.

Microsoft Stock

Equity shares representing ownership in Microsoft Corporation, a major technology company.

Natural Resources

All gifts of nature used to produce goods and services; includes renewable and exhaustible resources.