The Process of Assessing the Feasibility and Fit of Each

question 76

Multiple Choice

The process of assessing the feasibility and fit of each of the alternative conceptual approaches and selecting the one that best meets the organization's needs is termed:

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

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Definitions:

Minimum Required Rate

This rate is often associated with the minimum return on investment or the cost of capital that a company or project needs to achieve to be deemed acceptable.

Net Operating Income

A company's income after operating expenses have been subtracted but before interest and taxes have been deducted.

Total Sales

The total revenue a company generates from selling its goods or services within a specific period.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.