Which of the Following Is a Flaw in the System

question 25

Multiple Choice

Which of the following is a flaw in the system design that is detected by analyzing the data dictionary entries?

• A) All derived elements on an output flow must be present on an input data flow.
• B) The data store may contain elements that are not present on any data flow to or from the data store.
• C) All base elements on an output data flow must be present on a data flow into the process.
• D) All elements that are discrete must have a table of codes definition.

Describe the dynamic adjustment process toward long-run equilibrium in monopolistically competitive markets.

Identify the conditions under which a monopolistically competitive firm can earn zero, positive, or negative profits.

Understand the concept of imperfect competition and its variants, including monopolistic competition and oligopoly.

Understand the concept of product-variety and business-stealing externalities in monopolistic competition.