____ Focuses on Specifying What the New System Will Look

question 32

Multiple Choice

____ focuses on specifying what the new system will look like and how it will work.

• A) System analysis
• B) System acquisition
• C) System implementation
• D) System design

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Definitions:

Going Price

The current market rate at which a particular good, service, or commodity can be bought or sold.

Market

A system or arena in which commercial dealings are conducted, or where supply meets demand.

Equilibrium Quantity

The level of output at which demand and supply in the market balance perfectly, setting the stage for stable prices unless external factors intervene.

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at various prices.