Which of the Following Is a Benefit of Being an Informed

question 40

Multiple Choice

Which of the following is a benefit of being an informed user of IT?

• A)understanding what is "behind" applications you use in your organization
• B)providing input to enhance your organization's applications
• C)helping to select new applications
• D)keeping abreast of new technologies
• E)All of the above

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Definitions:

Binding Price Floor

A government-imposed price control or limit that sets the lowest price at which a good can be sold, which is above the market equilibrium price, leading to excess supply.

Persistent Surplus

A situation where the supply of a good consistently exceeds the demand for it, often leading to a drop in prices.

Quota Rent

The earnings that accrue to the licensee from the difference between the domestic price and the world price of an imported good when imports are limited by a quota.

Government Imposes

Actions taken by a government to enforce regulations, taxes, or penalties on citizens and businesses.