In the Context of Economic Feasibility, Which of the Following

question 26

Multiple Choice

In the context of economic feasibility, which of the following statements is true of opportunity costs?

• A) They measure what an individual would miss by not having an information system or feature.
• B) They measure costs involved in training employees who will be using the information system.
• C) They measure the changes in the scope of an information system after the analysis and design phases.
• D) They measure fixed and variable costs involved in running a system.

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Definitions:

Used During

"Used during" typically relates to a period or occasion when a specific resource, process, or activity is utilized or occurs.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, are deducted from total revenues.

Total Expenses

The sum of all costs and expenses incurred by a business or individual in a specified period.

Dividends Declared

The amount of earnings a company decides to distribute to its shareholders as a payout.