After Choosing Among Several Computer Server Systems, the Director of Information

question 61

Multiple Choice

After choosing among several computer server systems, the Director of Information Systems feels very positive about the choice that was made.However, some of this optimism is due to the fact that the Director forgot about some of the limitations of the chosen system and unconsciously downplays the importance of the positive features of the rejected systems.The Director of Information Systems is engaging in:

• A)escalation of commitment.
• B)satisficing.
• C)rational choice thinking.
• D)post-decisional justification.
• E)None of these decision processes.

Distinguish between the net present value (NPV) method and the internal rate of return (IRR) method, with an emphasis on their treatment of the time value of money.

Recognize the concept and objectives of least-cost decisions in capital budgeting.

Understand the basic principles of pricing models and strategies.

Analyze the impact of total revenue, total cost, marginal revenue, and marginal cost on pricing decisions.

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Definitions:

Reflection Technique

A method involving thoughtful consideration of one's actions and experiences to gain insights and improve future performance.

Learning Contract

is an agreement between a learner and educator outlining specific learning objectives, resources, and evaluation criteria.

Relationship Triad

A model or concept in psychology and sociology that examines the dynamic interplay among three parties or elements in a relationship system.

Supervision Plan

A structured document outlining how supervision is to be carried out within a particular context or organization, including roles, responsibilities, and processes.