Activities in the Business Modeling Discipline and the ____ Discipline

question 55

Multiple Choice

Activities in the business modeling discipline and the ____ discipline are primarily concerned with building models of the organization that will own and operate the system, models of the system's environment, and models of system and user requirements.

• A) design
• B) modeling
• C) requirements
• D) architectural

Analyze the role of government policy in adjusting aggregate demand to influence economic outcomes.

Examine the causes and solutions to economic recessions and depressions.

Understand the concepts of mixed, variable, and fixed costs and how they are classified and used in accounting.

Identify and analyze the components and calculation of the contribution margin.

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Definitions:

Raw Material

Basic substances in their natural, modified, or semi-processed states used as inputs to a production process for manufacturing goods.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet the production needs of a business.