Matching ​Identify the Letter of the Choice That Best Matches the the Phrase

question 74

Multiple Choice

Matching
​Identify the letter of the choice that best matches the phrase or definition.
-In this, reading from left to right, the lines show direction and describe the action or event that causes a transition from one state to another.

• A)​Class diagram
• B)​Business process models (BPM)
• C)​Lifeline
• D)​Object relationship diagram
• E)​State transition diagram
• F)Activity diagram
• G)​CASE tools
• H)​Black box
• I)​Unified Modeling Language (UML)
• J)System boundary

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Definitions:

Framing Effects

In prospect theory, changes in people’s decision making caused by new information that alters the context, or “frame of reference,” that they use to judge whether options are viewed as gains or losses relative to the status quo.

Mental Accounting

The tendency people have to create separate “mental boxes” (or “accounts”) in which they deal with particular financial transactions in isolation rather than dealing with them as part of an overall decision-making process that would consider how to best allocate their limited budgets across all possible options by using the utility-maximizing rule.

Overpriced Warranties

Service contracts sold at a price significantly higher than the expected cost of repairs, often criticized for their value relative to the benefits provided.

Losses

The negative financial result from business activities when costs exceed revenues.