Joe Works for a Company Where the IT Department Charges

question 63

Multiple Choice

Joe works for a company where the IT department charges him for the number of CRM login accounts that are in his department. What type of IT funding model is his company deploying?

• A) Allocation
• B) Corporate budgeting
• C) Usage
• D) TCO
• E) Chargeback

Comprehend different contract types and their application based on project scope and cost uncertainty.

Explain the structure and components of a cost reimbursable contract.

Recognize and understand the importance of standardized financial disclosure documents.

Learn the components necessary to develop a comprehensive procurement plan.

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Definitions:

Income-Consumption Curve

Curve tracing the utility-maximizing combinations of two goods as a consumer’s income changes.

Utility-Maximizing

A principle or strategy of consumers making choices to achieve the highest overall level of satisfaction or utility from their available resources.

Inferior Good

An inferior good is a type of good for which demand decreases as the income of the individual increases, in contrast to a normal good.

Rental Housing

Properties available for rent to provide accommodation, usually on a monthly or yearly lease agreement.