Development Costs of an Information System Include ________

question 33

Multiple Choice

Development costs of an information system include ________.

• A)hardware maintenance fees
• B)software maintenance fees
• C)data conversion costs
• D)labor costs of using the system

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Definitions:

Merchandise

Goods produced for the purpose of being sold, typically referred to in the context of retail sales and trade.

Services

Intangible products such as education, healthcare, and entertainment that are consumed at the point of delivery.

Trade Deficit

A Trade Deficit occurs when a country's imports exceed its exports during a specific period, indicating a negative balance of trade.

Oil Imports

The purchase and transportation of oil from foreign countries, vital for countries that do not produce enough oil to meet domestic demand.