Which of the Following Frameworks Addresses IT Strategy by Application

question 30

Multiple Choice

Which of the following frameworks addresses IT strategy by application prioritization and application portfolio management?:

• A) Framework for assessing the strategic importance of an IT system.
• B) Corporate goals for IT.
• C) Seven sources of innovation.
• D) Balanced scorecard.

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Definitions:

Economic Profits

Profits calculated by subtracting both the explicit and implicit costs of production from total revenues.

Monopolistically Competitive

Describes a market type where numerous sellers offer differentiated products, leading to competitive yet non-homogeneous markets.

Equilibrium

A condition where the supply and demand in the market are equal, leading to steady prices and amounts.

AVC

Average Variable Cost, which calculates the variable costs per unit of output, encompassing costs that change with the level of output.