A Systems Analysis Includes A(n)________ That Is Used to Determine

question 58

Multiple Choice

A systems analysis includes a(n) ________ that is used to determine whether the solution is achievable,from a financial,technical,and organizational standpoint.

• A)feasibility study
• B)data flow diagram
• C)logical design
• D)systems design document
• E)request for proposal

Comprehend the role of credit histories in identifying high-risk parties.

Identify the causes of lower prices for used goods in markets with information asymmetry.

Understand the role of group health insurance in changing insurance pool characteristics.

Recognize the lemons problem and its effects on market dynamics.

---

Definitions:

Interest

The payment made for the use of (borrowed) money.

Supply of Loanable Funds

The total amount of funds available for borrowing in the economy, determined by savings and influenced by interest rates.

Perfectly Elastic

Describes a situation in demand or supply where quantity changes by an infinite amount in response to any change in price.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, representing the surplus generated from business operations beyond the normal returns.