​Which of the Following Is the Analyst's Approach to Problem

question 29

Multiple Choice

​Which of the following is the analyst's approach to problem solving?

• A)Verify that the benefits of solving the problem outweigh the costs, then research and understand the problem.
• B)​Develop a set of possible solutions, then verify that the benefits of solving the problem outweigh the costs.
• C)Verify that the benefits of solving the problem outweigh the costs, then define the requirements for solving the problem.
• D)​Define the details of the chosen solution, then implement it. 

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Definitions:

Sale of Equipment

The process of disposing or selling a company's equipment assets, which may result in a gain or loss reflected in the income statement.

Direct Method

A method of presenting the cash flow statement where cash receipts and cash payments from operating activities are disclosed, offering a clearer understanding of cash flows.

Statement of Cash Flows

An account that illustrates the impact of variations in income and balance sheet positions on cash and similar assets.

Indirect Method

A method for presenting cash flow from operations that begins with net income and makes adjustments for transactions that do not involve cash.