The Application of IT in an Appropriate and Timely Manner

question 20

Multiple Choice

The application of IT in an appropriate and timely manner, in harmony with business goals, strategies, and needs best defines:

• A) alignment.
• B) enablers.
• C) management.
• D) controls.

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Definitions:

Monopolist

An entity that is the sole provider of a particular product or service in the market, possessing the power to significantly influence prices and supply.

Maximum Profit

The highest possible financial gain a firm can achieve when all factors of production are optimized.

Memory Company

A business specializing in the production of memory storage devices, such as RAM and flash memory.

Normal Return

The minimum profit needed for a company to remain competitive in the market, covering its opportunity costs.