________ Tend(s) to Exist in the Lower Part of the IT

question 17

Multiple Choice

________ tend(s) to exist in the lower part of the IT function delivery model because the truly unique tasks of business/systems analysis, planning, data management, and project management tend to be limited to a single organization and its strategy.

• A) Insourcing
• B) Outsourcing
• C) Partnerships
• D) In-house development

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Definitions:

Equilibrium Quantity

The quantity of goods supplied is equal to the quantity demanded at a given price level.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in no surplus or shortage in the market.

Zero Economic Profit

A situation where a firm's total revenues exactly equal its total costs, indicating no above-normal profit.

Economist

A professional or expert in economics, studying the production, distribution, and consumption of goods and services.