Every Medium to Large Corporation and Every Custom Software Producer

question 149

True/False

Every medium to large corporation and every custom software producer will have its own specific life cycle or systems development methodology in place.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or sales volume.

External Suppliers

Third-party entities that provide goods or services to a company, but are not part of the company itself.

Annual Capacity

The total output a company can produce in a year using its resources efficiently.

Opportunity Cost

Forgoing the potential gains from various choices by settling on one option.