A Data Flow Diagram (DFD)does Not Show the External Entities

question 56

True/False

A data flow diagram (DFD)does not show the external entities that provide data to the system or receive output from the system.

Understand relevant and irrelevant costs for decision making.

Identify the steps involved in managerial decision-making.

Understand the concept of opportunity cost in decision making.

Differentiate between different types of costs (fixed, variable, relevant, sunk) and their relevance to decision-making.

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Definitions:

Performance Deviations

Refer to variances between actual performance and the expected standard or goals, necessitating corrective actions or adjustments.

Performance Of People

The efficiency and outcome of individuals' work activities, often measured against pre-defined standards or goals.

Unwillingness

A lack of readiness or refusal to do something; absence of willingness.

Inability

A lack of the physical or mental capabilities required to perform a task or function.