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Ymorist [56]
3 years ago
13

In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a

) Project Planning b) Business Area Analysis c) Resource Allocation d) Information Technology Strategy Planning
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer:

The correct option is A,project planning.

Explanation:

In the project planning stage which centers on IT projects,the scope of the project refers to the different parts or milestones making up the project.The scope of the project is a function of the magnitude of the problem it meant to solve.

Cost/benefits analysis is also  a key feature of such planning,as it is only worthwhile investing in  project whose benefits outweigh its costs.

Lastly, envisaging likely constraints is also important in order that adequate mitigating plans can be put in place.

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Answer:

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3 years ago
Explain why to maximize profits a firm needs to produce an output at a level where marginal revenue
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Answer:

Rest of question:

... equals marginal cost.

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As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.

This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.

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A) production is determined by the interaction of supply and demand.

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