Some Benefits Can Be Computed Relatively Easily by Calculating the Amount

question 57

Multiple Choice

Some benefits can be computed relatively easily by calculating the amount of labor the new system will save, the reduction in paperwork it will allow, and so on. These gains are called ____ because they represent quantifiable dollar amounts.

• A) automatic gains
• B) first-level gains
• C) transparent benefits
• D) tangible benefits

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Definitions:

Price

The monetary equivalent expected, required, or delivered as a transaction for something.

Law of Demand

An economic principle stating that as the price of a good increases, the demand for that good decreases, and vice versa.

Steak

A cut of meat, typically beef, that is sliced perpendicular to the muscle fibers, often grilled or pan-fried.

Rhode Island

The smallest U.S. state by area, located in the New England region.