A(n)_____ Uses Various Symbols and Shapes to Represent Data Flow,processing,and

question 35

Multiple Choice

A(n) _____ uses various symbols and shapes to represent data flow,processing,and storage.

• A) process flow diagram
• B) object model
• C) data flow diagram
• D) network model

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Definitions:

Total Revenue

The total amount of money received by a firm from selling its goods or services.

Price Elastic

Describes how sensitive the demand for a good or service is to changes in its price.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in the income of consumers.

Demand Is Elastic

A situation where the quantity demanded of a product changes significantly with a change in its price.