Perry Knows That There Were Supposed to Be Three Performance

question 6

Multiple Choice

Perry knows that there were supposed to be three performance examples but he finds four in the spreadsheet. Which one of these is mislabeled as a performance example?

• A)The system must automatically generate an insurance claim form.
• B)Response time must not exceed four seconds.
• C)The online inventory control system must flag all low-stock items within one hour after the quantity falls below a predetermined minimum.
• D)The records system must produce key reports within five hours of the end of each fiscal quarter.

---

Definitions:

Transaction Costs

Expenses incurred when buying or selling goods or services, which may include fees, taxes, or other costs beyond the price of the product itself.

Wealth

The total value of all financial assets and tangible possessions owned by an individual or entity after deducting liabilities.

Ask

The lowest price a seller is willing to accept for a given asset in financial markets; also known as the offer price.

Market Maker

A firm or individual that actively quotes two-sided markets in a security, providing liquidity by making available buy and sell orders.