Which of the Following Is True of the Content Management

question 21

Multiple Choice

Which of the following is true of the content management application alternatives?

• A)In-house systems are far less expensive to maintain than off-the-shelf products.
• B)Operations develop an in-house system to track machine maintenance procedures.
• C)Custom content management applications are economical to develop and maintain.
• D)Off-the-shelf products have considerably less functionality than most in-house systems.

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Definitions:

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output quantity changes.

Price Effect

The change in the quantity demanded of a good or service caused by a change in its price.

Deadweight Loss

The loss of economic efficiency that occurs when the equitable market outcome is not achieved, often due to taxes, subsidies, or artificially imposed prices like price ceilings or floors.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information that leads to firms being price takers.