A Formula for Calculating the Cost of Owning,operating,and Controlling an IT

question 41

Multiple Choice

A formula for calculating the cost of owning,operating,and controlling an IT system best defines

• A) payback period.
• B) return on investment.
• C) total cost of ownership.
• D) total benefits of ownership.

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Definitions:

Inefficient

Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.

Efficient

The state of achieving a maximum output from given resources, with minimal waste or inefficiency.

Normative Statement

Prescriptive assertions that express judgments about whether a situation is desirable or undesirable, reflecting values rather than facts.

Positive Statement

A factual claim about how the world actually works, verifiable by observation or experience.