The First Step in the System Definition Phase of the Systems

question 39

Multiple Choice

The first step in the system definition phase of the systems development life cycle (SDLC) is to ________.

• A)plan the project
• B)conduct a feasibility study
• C)define the goals and scope
• D)form the project team

---

Definitions:

Purely Competitive

Another term for pure competition, it refers to a theoretical market structure with a large number of buyers and sellers, homogeneous products, and free entry and exit from the market.

Output Level

The total amount of goods or services produced by a business or economy within a specific period.

Economic Loss

A situation where total cost exceeds total revenue, resulting in a negative profit for a business.

Average Variable Cost

The total variable costs divided by the quantity of output, indicating the variable cost per unit of output.