GAQM CITM-001 Dumps

Development cost is the type of cost that is considered as actual costs of analysis, design, and installation for the system. Development cost includes the expenses incurred during the planning, designing, building, testing, and deploying of a system. Development cost is usually estimated before the start of a project and is used to measure the feasibility and profitability of a system. Development cost is also used to monitor the progress and performance of a project and to control the scope and quality of a system. References: CITM Course Outline, Module 4, Corporate IT Strategy, page 9. CITM Training Course, Cost, page 14. CITM Certification Overview, Exam Information, Course Outline, Module 4.

Information can be defined as data that has been processed or organized in a meaningful way that reduces uncertainty. Information can be either tangible or intangible, depending on whether it has a physical form or not. For example, a printed report is tangible information, while an email is intangible information. Information can also be static or dynamic, depending on whether it changes over time or not. For example, a historical record is static information, while a stock price is dynamic information. However, the question asks for the two entities that define information, not the two attributes that describe information. Therefore, the correct answer is A and B, tangible and intangible. References: Sample Exam - GAQM, page 2, question 6.

Globalization is the process of increasing economic, political, and cultural integration and interdependence across the world. Some of the impacts of globalization are:

• Rationalized manufacturing: Globalization enables firms to produce goods and services in different locations according to their comparative advantages, such as lower costs, higher quality, or better access to markets. This leads to more efficient and competitive production, as well as increased specialization and trade.
• Managing risk across currencies: Globalization exposes firms and individuals to fluctuations in exchange rates, which affect the value of their assets, liabilities, and incomes. To manage this risk, they may use various financial instruments, such as hedging, derivatives, or currency swaps, to reduce their exposure or benefit from favorable movements.
• Worldwide purchase: Globalization expands the range and availability of goods and services that consumers can purchase from different countries and regions. This increases consumer choice, lowers prices, and improves quality and variety. It also creates opportunities for cross-cultural learning and exchange.

References: 

https://www.nationalgeographic.org/article/effects-economic-globalization/

https://byjus.com/commerce/globalisation/ https://byjus.com/commerce/globalisation/