Which of the Following Is Not a Fundamental Way to Approach

question 81

Multiple Choice

Which of the following is not a fundamental way to approach the creation of a new information system?

• A) develop a custom application in-house
• B) rely on an external vendor to build the system
• C) purchase a software package and customize it
• D) rely on end-users to develop it themselves
• E) all of the above are ways to create new information systems

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Definitions:

Doubles

Doubles generally refers to a situation or quantity that is twice as large as a reference or starting point.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely or substantially to a change in price.

Tax Burden

The total amount of taxes paid by individuals or businesses, often expressed as a percentage of income or GDP.

Elasticity

The indicator of the responsiveness of the demand or supply of a product to shifts in key factors like price or income.