Systems Development Is Unlikely to Be Driven By

question 13

Multiple Choice

Systems development is unlikely to be driven by:

• A)A change in the regulatory environment
• B)A change in the business environment
• C)A business need from within the organisation
• D)A change in the technology infrastructure,such as computer hardware

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Definitions:

Profit-maximizing Quantity

The level of output at which a firm achieves the greatest profit, determined when marginal revenue equals marginal costs.

Profit-maximizing Quantity

The quantity of a product that results in the highest possible profit for the producer, determined by the point where marginal cost equals marginal revenue.

Production Function

A mathematical relation that describes the maximum output of a good derived from different combinations of factors of production.

Cost Per Unit

The total cost incurred in producing, manufacturing, or acquiring a single unit of a specific good or service.