The Decision to Buy or Design Software Directly Follows Which

question 48

Multiple Choice

The decision to buy or design software directly follows which step in the system design flowchart?

• A)Conceptual Design
• B)Systems Analysis
• C)Evaluation and Selection
• D)Systems Planning

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Definitions:

Capital

Those goods produced by the economic system that are used as inputs to produce other goods and services in the future.

Labor

The effort that people contribute to the production of goods and services in an economy, typically measured in terms of hours worked.

Production Function

A mathematical equation that describes the maximum amount of output that can be produced from a given set of inputs.

Labor Input

This denotes the amount of work effort, measured in hours or the number of employees, used in the production of goods and services.