An Organization Might Request Bids for Computer Resources from Only

question 56

Multiple Choice

An organization might request bids for computer resources from only one vendor for all of the following reasons except:

• A)to reduce training cost by staying with its present vendor
• B)to avoid time and expense of preparing RFP's and evaluating responses
• C)to improve its bargaining position by maintaining a competitive selection posture
• D)to minimize conversion cost by staying with its present vendor

Grasp the relationship between marginal costs, marginal benefits, and efficient production levels.

Differentiate between marginal private cost and marginal social cost.

Identify examples of externalities in daily life and their impact on society.

Understand the concept of external costs and how they lead to overproduction in the absence of government intervention.

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Definitions:

Leaders

Individuals who guide, direct, or influence people towards the achievement of goals.

Skills

Abilities and expertise acquired through practice and education, enabling effective performance of tasks.

Skills of An Effective Administrator

The essential abilities required to efficiently manage and lead an organization, including planning, organizing, leading, and controlling.

Quantitative Research

A research strategy that focuses on quantifying the collection and analysis of data.