The Hardware and Software,including Networking and Communication Technologies Involved in Storing,retrieving,and

question 78

True/False

The hardware and software,including networking and communication technologies involved in storing,retrieving,and transmitting information,is referred to as information technology (IT).

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Definitions:

Voluntary Exchange

A transaction where parties involved trade goods or services by mutual agreement, without coercion.

Mutual Gain

A situation or outcome in which all parties involved benefit or profit from the arrangement or transaction.

Potential Exchange

The possibility of trading goods, services, or other items of value between parties.

Trade

The exchange of goods, services, or both between two or more parties.