Evaluating the Benefits of IT Projects Is More Complex Than

question 33

Multiple Choice

Evaluating the benefits of IT projects is more complex than evaluating their costs for all of the following reasons except:

• A) Benefits are harder than costs to quantify.
• B) Benefits tend to be more tangible than costs.
• C) IT can be used for several different purposes.
• D) The probability of obtaining a return from an IT investment is based on the probability of implementation success.
• E) The proposed system may be "cutting edge."

Understand the concept of true social costs associated with environmental damages.

Discuss the ethical and legal challenges surrounding biotechnology and intellectual property rights (e.g., biopiracy).

Explore the effectiveness of technological advancements and their role in addressing environmental issues.

Appreciate the impact of environmental inequalities and racism.

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Definitions:

Drought-Resistant Hybrid

A genetically modified or selectively bred plant variety that is able to survive and thrive in dry conditions.

Price-Taker Model

A market situation where individual firms are unable to influence the prices of goods or services they sell and must therefore accept the market price set by supply and demand forces.

Price-Taker Firm

A business that has no control over the market price of its products and must accept the prevailing market price.