The First Step in Defining a New Information System Is

question 7

Multiple Choice

The first step in defining a new information system is to ________.

• A) assess the feasibility of the project
• B) define the goals and scope of the project
• C) determine the schedule and budget for the project
• D) form the project team

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Definitions:

Capital Goods

Items used in the production of goods and services, such as machinery, tools, and buildings, rather than goods consumed directly by end users.

Meager Wages

Very low remuneration for work that often does not suffice for basic living expenses.

Economic System

Refers to the structure and methods by which a society manages and allocates its resources, including how goods and services are produced, distributed, and consumed.

Marketplace

A venue (physical or digital) where buyers and sellers interact to exchange goods, services, or information.