You Should ____ as the First Phase of the Program

question 53

Multiple Choice

You should ____ as the first phase of the program development life cycle.

• A) design the user interface
• B) gather and analyze the program requirements
• C) code the program
• D) document the program

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Definitions:

Marginal Product Of Labor

The additional output a firm gains from employing one more unit of labor, holding all other inputs constant.

Demand For Labor

The total amount of workers that employers want to hire at a given wage rate and time period.

Opportunity Cost

The loss of potential gain from other alternatives when one option is chosen.

Accounting Profits

The difference between total revenue and explicit costs of a business, calculated using principles of accounting.