Firms Should Consider Developing Custom Software Only If

question 96

Multiple Choice

Firms should consider developing custom software only if

• A)it will be used for critical functions like accounts receivable.
• B)it will contribute to development of a significant competitive advantage.
• C)the firm has the necessary expertise available in-house.
• D)the available canned software is very expensive.

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Definitions:

Rigid Thinking

A mindset characterized by inflexibility, difficulty in adapting to new situations, or refusal to change ideas despite evidence to the contrary.

Ambiguity

Refers to situations, statements, or conditions that are unclear, uncertain, or subject to more than one interpretation.

Organizational Change

refers to the processes through which companies or institutions modify their structures, strategies, operational methods, or cultures.

Emotional Quotient

A measure of a person's ability to recognize, understand, manage, and reason with emotions in oneself and others, commonly known as emotional intelligence.