Systems Development Represents 80 to 90 Percent of the Total

question 35

True/False

Systems development represents 80 to 90 percent of the total cost of a computer system.

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Definitions:

Millennial Generation

A demographic group consisting of individuals born approximately between 1981 and 1996, known for their familiarity with communications, media, and digital technologies.

Labor Supply

The total hours that workers in an economy are willing and able to work at a given overall wage rate.

Wages

Wages are payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value; these typically include land, labor, capital, and entrepreneurship.