Which of the Following Statements Is True with Regard to Requirements

question 49

Multiple Choice

Which of the following statements is true with regard to requirements definition?

• A) Requirements determination is a simple, inexpensive process as it is limited to interviewing system users.
• B) Requirements should avoid specifying the volume of data to be stored and processed.
• C) Requirements determination should ideally focus on software and data components.
• D) Requirements include what is to be produced, as well as how frequently and how fast it is to be produced.

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Definitions:

Fixed Cost of Goods Sold

A portion of the cost of goods sold that remains constant, regardless of the level of production or sales.

Contribution Margin Format

A costing format that highlights the contribution margin, which is sales revenue minus variable costs, used in management accounting.

CVP Income Statement

A managerial accounting financial statement that utilizes cost-volume-profit analysis to show the effects of changes in cost and volume on a company's profits.

Margin of Safety

The difference between actual or expected sales and the sales level necessary to break even; it measures how much sales can fall before a business incurs a loss.