List the Four Objectives That a Systems Analyst Can Use

question 4

Essay

List the four objectives that a systems analyst can use to support accurate data entry.

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Definitions:

Firms Efficiency

The degree to which a company utilizes its resources effectively to produce goods and services and maximize profit.

Pareto Optimality

A situation where resources are distributed in such a way that improving the situation of any single person would lead to the detriment of at least one other person.

Voluntary Exchange

An economic transaction where parties trade goods or services by mutual agreement without coercion.

Maximizing Profits

The process or strategy of adjusting production or operation dimensions to achieve the greatest possible financial return.