What Are Intangible Benefits

question 180

Multiple Choice

What are intangible benefits?

• A) Difficult to quantify or measure.
• B) Easy to quantify and typically measured to determine the success or failure of a project.
• C) The measure of the tangible and intangible benefits of an information system.
• D) A periodic reviews of actual performance versus expected performance.

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Definitions:

Monopoly

A market structure characterized by the absence of competition, where a single company or entity has exclusive control over a particular product or service.

Production Function

A mathematical model that describes the relationship between inputs used in production and the resultant output of goods or services.

Labor

Workforce or employment involved in the creation of goods and services within an economy.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at different prices.