Once the Project's Goals and Scope Have Been Defined, the Next

question 13

Multiple Choice

Once the project's goals and scope have been defined, the next step in the system definition phase of the systems development life cycle (SDLC) is to ________.

• A)plan the project
• B)assess feasibility
• C)determine system requirements
• D)form a project team

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Definitions:

Net Operating Income

The net amount a business earns after subtracting operating costs, excluding taxes and interest expenses.

Margin

A financial metric reflecting the difference between a product's selling price and the cost to produce it, commonly expressed as a percentage of the selling price.

Investment Opportunity

A financial or business venture or asset that has the potential to yield returns or profits.

Turnover

The rate at which inventory is sold and replaced over a given period or the rate at which employees leave and are replaced in a company.