A Systems Analysis Includes a ________ That Is Used to Determine

question 30

Multiple Choice

A systems analysis includes a ________ that is used to determine whether the solution is achievable from a financial, technical, and organizational standpoint.

• A)test plan
• B)conversion plan
• C)feasibility study
• D)risk analysis

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Definitions:

ATC Curve

The average total cost curve, which plots the per-unit total cost of producing goods at different levels of output.

Opportunity Cost

Represents the benefits that are missed or foregone when choosing one option over another.

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, not involving direct monetary payment.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting an activity or business operation.