The Inputs to a Process Must Be Sufficient to Produce

question 34

True/False

The inputs to a process must be sufficient to produce the outputs (including data placed in data stores)from the process.Thus,all outputs can be produced,and all data in inputs move somewhere: to another process or to a data store outside the process or onto a more detailed DFD showing a decomposition of that process.

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Definitions:

Laissez-Faire Capitalism

An economic system where private parties are free to engage in economic activities with minimal government intervention.

Classical System

The classical system in economics refers to a school of thought that emphasizes free markets, competition, and the self-regulating nature of economies.

Self-Regulating Markets

A concept where markets operate and correct themselves through the forces of supply and demand without external intervention.

Flexible Wages

A wage system where pay rates can easily adjust in response to changing economic conditions, such as supply and demand for labor.