What Is COTS

question 9

Multiple Choice

What is COTS?

• A) Illustrates the movement of information between external entities and the processes and data stores within the system
• B) Software suites that automate systems analysis, design, and development
• C) Involves graphically representing the processes that capture, manipulate, store, and distribute information between a system and its environment
• D) A software package or solution that is purchased to support one or more business functions and information systems

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Definitions:

Tax on Sellers

A tax on sellers is a levy imposed by the government on sellers of certain goods and services, which often leads to a shift in supply curve and price adjustments.

Increases Supply

A rise in the quantity of a good or service that producers are willing and able to sell at a given price, often due to reductions in production costs or improvements in technology.

Tax on Sellers

A financial charge imposed by the government on sellers, which can shift the supply curve upward and affect market equilibrium.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.