When You Need to Justify an IT Investment,a(n)__________ Is Required

question 40

Multiple Choice

When you need to justify an IT investment,a(n) __________ is required to document your initiative and to move it through the approval and funding process.

• A)budget
• B)business case
• C)ROI
• D)payback analysis

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Definitions:

Upsloping Supply

A supply curve that increases from left to right, indicating a direct relationship between price and quantity supplied.

Commodity X

A placeholder term for any marketable item produced to satisfy wants or needs, with emphasis on its uniformity and interchangeability with other commodities of the same type.

Demand Equation

A mathematical representation of the relationship between the quantity of a good or service demanded and various factors affecting it, typically including price and income.

New Equilibrium Price

The price at which the market demand equals the market supply after a shift in supply or demand has occurred, creating a new point of balance.