Which Approach Systems Acquisition Is Generally Costly and Labor-Intensive

question 80

Multiple Choice

Which approach systems acquisition is generally costly and labor-intensive?

• A) canned software
• B) custom software
• C) modified software
• D) turnkey software

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Definitions:

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (or standard) cost.

Actual Costs

The genuine expenses that are incurred in the production or acquisition of goods and services.

Standard Costs

Predetermined cost estimates relating to how much it should cost to produce a product or provide a service under normal conditions.

Time Variance

The difference between the projected time to complete a task and the actual time taken, often analyzed in project management.