One of the Most Common Ethical Problems for Members of the IT

question 51

Short Answer

One of the most common ethical problems for members of the IT profession is , which involves lying on a resume and claiming competence in an IT skill that is in high demand.

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Definitions:

Target Cost

The estimated price for a product that would allow a company to achieve a desired profit margin while remaining competitive in the market.

Useful Life

The estimated duration an asset is expected to be functional and useful before it needs to be replaced or becomes obsolete.

Operating Cost

Expenses associated with the day-to-day functions of a business excluding cost of goods sold, such as rent, utilities, and payroll.

Value-Based Pricing

A pricing strategy where the price of a product or service is determined based on the perceived value to the customer rather than the cost of production.