IT Governance Has Two Major Components: the Assignment of Decision-Making

question 32

Multiple Choice

IT governance has two major components: the assignment of decision-making authority and responsibility, and the:

• A) cost considerations
• B) decision rights
• C) business plan
• D) capability maturity model
• E) decision-making mechanisms

Understand the basic principles of currency conversion and its application in international trade.

Calculate the cost of international transactions in a different currency.

Evaluate the impact of exchange rate fluctuations on the cost of international deals.

Apply mathematical operations to compute duties and taxes on international transactions.

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Definitions:

Production Possibilities Frontier

A curve illustrating the maximum feasible amount of two commodities that a society can produce using all available resources efficiently.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the percent increase in Gross Domestic Product (GDP).

Production Possibilities Curve

A graphical representation that shows the maximum combination of two goods that can be produced with available resources and technology.

Consumer Goods

Products that are purchased for consumption by the average consumer, including items such as food, clothing, and household products.