Which of the Following Involves the Ongoing Running of a System

question 24

Multiple Choice

Which of the following involves the ongoing running of a system and identifying and making necessary changes to the system due to errors or new user or business requirements?

• A) Disposition
• B) Implementation
• C) Integration and testing
• D) Operation and maintenance

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Definitions:

Corrective Taxes

Taxes designed to internalize externalities, typically by charging for negative externalities to correct market outcomes.

Internalize

The process of incorporating the cost of externalities into the decision-making processes of relevant parties, often through regulation or market-based incentives.

Corrective Taxes

Taxes designed to correct the market outcomes that are not efficient by themselves, usually by discouraging negative externalities.

Market-Based Solution

Strategies or policies that use market forces and principles to address and solve economic and social issues.