By Applying a __________ Strategic Scope to the Technology Architecture

question 17

Multiple Choice

By applying a __________ strategic scope to the technology architecture, it can be kept in constant synch with how the business evolves over time.

• A) consistently decreasing
• B) middleware-centric
• C) vendor-driven
• D) None of the above answers correctly complete this sentence.

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Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain in an economic activity.

Accountant

A professional who is responsible for keeping and interpreting financial records, ensuring accuracy and compliance with laws.