IT service management & procurement
Terms related to the activities and procedures necessary to acquire information technology (IT) products and services.- fair and reasonable price - A fair and reasonable price is the price point for a good or service that is fair to both parties involved in the transaction.
- fair opportunity - Fair opportunity is a requirement that U.
- Federal Acquisition Regulation (FAR) - Federal Acquisition Regulation (FAR) is the body of laws that govern the U.
- feedback loop - A feedback loop is a system where some portion or all of the output produced by the system returns as input, effecting the succeeding processes of that system in some way.
- fiat money (fiat currency) - A fiat money is a type of currency that is declared legal tender by a government but has no intrinsic or fixed value and is not backed by any tangible asset, such as gold or silver.