System ________ Refers to the Process of Changing the Business

question 8

Multiple Choice

System ________ refers to the process of changing the business activity from an old information system to a new system.

• A) definition
• B) testing
• C) analysis
• D) conversion

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Definitions:

Rationing Process

A system of allocating goods and services when demand exceeds supply, often through mechanisms other than price.

Market Price

The price at which a good or service is bought and sold in a marketplace, determined by the supply and demand dynamics of that market.

Minimum Wage

The lowest legally enforced wage that employers can pay their employees, intended to ensure a minimum standard of living for workers.

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, resulting in no incentive for price changes.