Technology Value Can Be Lost By

question 26

Multiple Choice

Technology value can be lost by:

• A) using the wrong technology.
• B) dissipating IT investment on too many IT projects at once.
• C) waiting too long to implement IT projects.
• D) not having enough people to implement IT projects.

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Definitions:

Economically Efficient

Refers to a situation where resources are allocated in the most effective way, maximizing production while minimizing waste and inefficiency.

Dollar Voting

Dollar voting is the concept where consumers influence market trends and production decisions through the choices they make with their spending.

Competitive Markets

Markets characterized by many buyers and sellers where no single participant has significant influence over market prices.

Median-Voter Model

A theoretical model in political science suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.