According to the Balancing IT Skills Model, in Developing an IT

question 10

Multiple Choice

According to the Balancing IT Skills model, in developing an IT skills management plan organizations need to achieve a balance between each of the following except:

• A) leadership skills.
• B) business knowledge.
• C) technology skills.
• D) planning skills.

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Definitions:

Equilibrium Price

A price where the supplied goods quantity is identical to the demanded goods quantity.

Law Of Demand

An increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Excess Supply

The situation in which the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at a given price, often leading to a decrease in prices.