Which of the Following Are Disadvantages of the Buy Option

question 17

Multiple Choice

Which of the following are disadvantages of the buy option for acquiring IS applications?

• A) The software may not exactly meet the company's needs.
• B) The software may be impossible to modify.
• C) The company will not have control over software improvements.
• D) The software may not integrate with existing systems.
• E) All of the above

---

Definitions:

Revealed Preference

A theory that determines consumer's preferences by observing their purchasing habits and behaviors instead of their preferences being explicitly stated.

Revealed Preference

A theory that assumes individuals' preferences can be determined by their purchasing habits.

Weak Axiom

A principle in consumer choice theory stating that if a consumer prefers bundle A over bundle B when both are available at the same prices, then the consumer will not purchase more of bundle B if its price rises.

Revealed Preference

An economic theory stating that the preferences of consumers can be understood by their purchasing habits.