A Study Team Should Approach a Systems Study with a Narrow

question 29

True/False

A study team should approach a systems study with a narrow point of view in order to focus directly on the system and not be distracted by peripheral issues.

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Definitions:

Marginalism

The process of analyzing the additional or incremental costs or benefits arising from a choice or decision.

Industrial Revolution

The period in England during the late eighteenth and early nineteenth centuries in which new manufacturing technologies and improved transportation gave rise to the modern factory system and a massive movement of the population from the countryside to the cities.

Great Migration

The movement of over six million African Americans from the rural Southern United States to urban areas in the North and West from about 1916 to 1970, seeking better job opportunities and living conditions.

Wealth Of Nations

A seminal book by Adam Smith that analyses the nature and causes of the wealth of nations, laying the foundations of classical economics.