________ Uses Standard Symbols to Show the Overall Structure of a System,the

question 7

Multiple Choice

________ uses standard symbols to show the overall structure of a system,the sequence of activities in the system,and the type of media or technology used at each step.

• A)A data flow diagram
• B)A system flowchart
• C)Pseudocode
• D)A decision table

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Definitions:

Sellers' Willingness

Refers to the inclination or readiness of sellers in a market to offer goods or services for sale at various prices.

Total Surplus

The total net gains for society represented by the combined amount of consumer surplus and producer surplus in a market.

Producer Surplus

This is an economic measure of the difference between the amount producers are willing to supply a good for and the amount they actually receive.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a product and the actual market price they pay.