The Diagram That Shows the Scope of the System, Indicating

question 95

Multiple Choice

The diagram that shows the scope of the system, indicating what elements are inside and outside the system, is called a:

• A) context diagram.
• B) level-2 diagram.
• C) referencing diagram.
• D) representative diagram.
• E) decomposition diagram.

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Definitions:

Supplier Power

The influence that suppliers may exert on businesses and markets by controlling the pricing and quality of their goods or services.

Perfect Competition

A market structure characterized by an infinite number of small suppliers and buyers, leading to price-taking behavior.

Monopolists

Firms or individuals that are the sole providers of a particular product or service in a market, giving them the power to set prices without competition.

Profitable

The ability of a business or activity to generate earnings that exceed its expenses and costs.