Briefly outline transaction cost economics as it relates to IT outsourcing
Transaction cost economics theory is in conflict with the core competency school by suggesting that firms should retain certain specific non-core IT assets in-house. Because of their esoteric nature, specific assets cannot be easily replaced once they are given up in an outsourcing arrangement.
Business
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High turnover among project team members is a key element of success since new team members will bring fresh perspectives and ideas to the group
Indicate whether the statement is true or false
Business
A queuing system has an arrival rate of 5 customers per hour and a service rate of 8 customers per hour. What is the utilization factor (?) of the system?
A) 40 B) 1.6 C) 4 D) 5 E) 0.625
Business