A(n)_____ Is a Characteristic or Feature That Must Be Included

question 57

Multiple Choice

A(n) _____ is a characteristic or feature that must be included in an information system to satisfy business needs and be acceptable to users.

• A) system requirement
• B) property
• C) questionnaire
• D) object

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Definitions:

Price Floor

A government-imposed minimum price for goods or services, aimed at preventing market prices from falling below a certain level to protect producers.

Market For Soda

The commercial space in which various types and brands of soda (sugary, carbonated beverages) are bought, sold, and competed over.

Surplus

The situation in which the quantity supplied of a product exceeds the quantity demanded at the existing price.

Binding Rent-Control

A type of rent regulation where the set price ceilings are below the market equilibrium rent, leading to shortages and reduced quality of rental housing.