The IS Department Has the Responsibility for System ________,Which Means

question 81

Multiple Choice

The IS department has the responsibility for system ________,which means either fixing problems or adapting existing information systems to support new features and functions.

• A)development
• B)upgradation
• C)maintenance
• D)improvement

---

Definitions:

Shortage

A situation where the demand for a product or service exceeds the supply available at a specified price.

Usury Law

Legislation that sets maximum interest rates that can be charged on loans, to prevent excessive interest.

Market Equilibrium

A market state where the quantity supplied equals the quantity demanded, leading to a balance in price and volume.

Interest Rate

The cost of borrowing money expressed as a percentage of the total amount borrowed.