Hiring an Outside Company to Perform Some or All of a Systems

question 80

Multiple Choice

Hiring an outside company to perform some or all of a systems development project is called _____.

• A) virtual reality
• B) offshoring
• C) systems investigation
• D) outsourcing

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Definitions:

Decreasing Opportunity Costs

A situation in which sacrificing less of one good to produce another becomes possible, often due to efficiencies or learning.

Marginal Utility

The extra pleasure or benefit gained by a person from consuming one more unit of a product or service.

Breast Milk

The milk produced by human breasts or mammary glands, specifically designed to feed babies and infants, containing essential nutrients for development.

Demand Curve

A visual chart that illustrates how the demand for a product or service, as indicated by the quantity consumers are willing to purchase, varies with price changes over a specific timeframe.