The Decision About Approval and Justification of New Technologies Would

question 27

Multiple Choice

The decision about approval and justification of new technologies would fall into which one of the five major IT decision categories?

• A) IT principles
• B) IT architecture
• C) IT infrastructure
• D) Business application needs
• E) IT investment and prioritization

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Definitions:

Price Ceiling

A maximum price set by law that can be charged for a good or service, below the equilibrium price, leading to a shortage.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Immediate Effect

The instant impact or outcome that follows a specific action or decision, without significant delay.

Price Floor

A government- or authority-imposed minimum price that can be charged for a good or service, intended to prevent prices from falling too low.