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List Five of the Seven Concrete Elements of the Decision

question 63

Essay

List five of the seven concrete elements of the decision maker's physical environment that can be observed by the systems analyst using STROBE.


Definitions:

Estimated Costs

Costs that are predicted or forecasted based on current information and experience, used for budgeting and planning purposes.

Installment Contract

A contract that requires payments to be made in regular intervals over a period in exchange for goods or services.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.

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