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List and Describe the Two Distinct Levels of IT Architecture

question 46

Essay

List and describe the two distinct levels of IT architecture governance involved with the creation of organizational technology roadmaps.


Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a stable market condition.

Equilibrium Quantity

The quantity of a good or service at which demand and supply are equal at a particular price level, leading to a stable market situation.

Quantity Supplied

The quantity of a product or service that suppliers are prepared to offer for sale at a particular price during a certain timeframe.

Minimum Wage

The lowest legal amount that an employer is permitted to pay an employee for work, usually set by government policy.

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