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:

Market Price

The market price at which you can currently buy or sell a service or asset.

Efficient Equilibrium

A state in an economy where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.