An Example of a System Analysis Tool Is

question 1222

Multiple Choice

An example of a system analysis tool is

• A) a data model.
• B) SQL.
• C) A Gantt chart.
• D) A PERT chart.

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Definitions:

Market

The environment in which buyers and sellers interact to exchange goods, services, and information, setting prices through supply and demand.

Socially Optimal Quantity

Socially Optimal Quantity is the level of production or consumption of a good or service that results in the maximum possible economic efficiency and welfare, taking into account all social costs and benefits.

External Benefit

A positive effect or advantage that results from a product or service's use, extending beyond the direct buyer or consumer to others not involved in the transaction.

Output

The cumulative production of goods and services by an economy over a given time frame.