For In-House Development,the __________ Option Should Be Considered Only for Specialized

question 63

Multiple Choice

For in-house development,the __________ option should be considered only for specialized IT apps for which components are not available because this option is expensive and slow.

• A)build from components
• B)build from scratch
• C)integrating applications
• D)prototyping

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when a choice is made, representing the benefits one misses out on.

Comparative Advantage

The ability of an individual or entity to produce a good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of a country, individual, or group to produce a good or service more efficiently than another entity, using fewer resources.

Car Wash

A facility used to clean the exterior and, sometimes, the interior of motor vehicles.