Business Rules Are Derived from ____

question 32

Multiple Choice

Business rules are derived from ____.

• A) a detailed description of an organization's operations
• B) standards and practices developed over the years
• C) managers' recommendations
• D) governmental oversight organization standards

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Definitions:

Barrier to Entry

Obstacles that make it difficult for new competitors to enter a market, such as capital requirements, technology challenges, and government policies; essentially a rephrasing of "Entry Barriers".

Hairdressers

Professionals trained in cutting, styling, and treating hair.

Natural Monopoly

A market condition where a single company can provide goods or services at a lower cost than any potential competitor, leading to a monopoly due to natural market forces.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.