Evaluating and Acquiring Necessary Hardware and Software Resources and Information

question 48

Multiple Choice

Evaluating and acquiring necessary hardware and software resources and information system services is a(n) _______________ activity.

• A) acquisition
• B) software development
• C) documentation
• D) conversion

---

Definitions:

Normal Good

A good for which an increase in income raises the quantity demanded.

Inferior Good

A type of good for which demand decreases as the income of consumers increase, unlike normal goods for which demand increases with an increase in income.

Income Decrease

Income decrease refers to a reduction in the amount of money earned by an individual or received by a household, affecting their ability to spend and save.

Giffen Goods

A type of product that paradoxically experiences increased demand as its price rises, seemingly contrary to the basic law of demand due to the effect on consumption of essential goods.