All IT Functions Mature and Evolve in the Following Order

question 10

True/False

All IT functions mature and evolve in the following order: Unique, Common, Standardized, Commoditized, and Utility.

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Definitions:

Material Representations

Statements or assertions of fact that significantly influence the decision-making of another party in a legal agreement.

Innocent Misrepresentations

False statements made without fault regarding a material fact that induce someone into a contract.

Punitive Damages

are monetary compensations awarded in a lawsuit as a punishment to the defendant and to deter future similar acts.

Fraud

A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.