A System That Has All Necessary Features but Is Inefficient

question 40

Multiple Choice

A system that has all necessary features but is inefficient is an example of a ________ prototype.

• A) patched-up
• B) nonoperational
• C) first-of-series
• D) selected features

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Definitions:

Profit Margin

A financial metric used to evaluate a company's profitability by comparing net income to revenue.

Merchandising Company

A business that purchases goods at wholesale and sells them at retail prices, typically consisting of activities involving buying and selling without significant alteration of the goods.

Periodic Inventory System

An inventory management method where the inventory count is conducted at specific intervals to determine the cost of goods sold.

Statement Of Income

A financial document that reports a company's financial performance over a specific period, detailing revenues, expenses, and net income.