Which of the Following Is an Element of the Comparative

question 92

Multiple Choice

Which of the following is an element of the comparative advantage principle?

• A) per unit cost advantage
• B) relative efficiency of production
• C) absolute cost of production
• D) negative balance of trade

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Definitions:

Pilot Conversion

Implementation process that introduces the new system in one part of the organization on a trial basis. When the new system is working properly, it is introduced in other parts of the organization.

Scope Creep

Adding functions to an information system after the project has begun.

Project Initiation

The phase in which a project is formally started, its scope defined, and stakeholders committed.

Functions Addition

The process of incorporating new capabilities or functionalities into an existing system or software.