Which of the Following Is True of System Planning

question 22

Multiple Choice

Which of the following is true of system planning?

• A) A system using a robot can be 60% more productive.
• B) Premature investment in automation can be more costly than it can be productive.
• C) Investment in automation will always pay off in increased profits.
• D) A comprehensive market analysis can be expensive and is usually not necessary.

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Definitions:

Fire Insurance Policy

A contract that provides coverage against losses or damages caused by fire to property.

Premium

The consideration paid by the insured to the insurer for insurance protection.

Water Damage

Water damage refers to the destruction or harm caused to property by water intrusion, which can result from various sources like floods, leaks, or condensation.

Decreasing Term Insurance

A type of term life insurance where the death benefit decreases over time, often used to cover specific financial obligations that reduce over time, like a mortgage.