The Information Technology Infrastructure Library (ITIL) Is a Framework Provided

question 50

True/False

The Information Technology Infrastructure Library (ITIL) is a framework provided by the government of the United Kingdom and offers eight sets of management procedures.

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Definitions:

Capital Budget

A budget allocating funds for the acquisition or maintenance of long-term assets such as property, plants, and equipment.

Supply Research

The study or investigation into the sources of goods and services, focusing on availability, quality, and cost.

Competitors

Businesses or individuals that operate in the same market or industry and vie for the same customers or market share.

Supply Processes

Encompasses the series of actions and steps taken to ensure that goods, services, and resources are effectively procured, managed, and delivered to meet the demands of an organization.