Systems Analysis Describes How a System Will Solve the Business

question 85

True/False

Systems analysis describes how a system will solve the business problem, and systems design describes what the system must do to accomplish the task.

---

Definitions:

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.

Marginal Benefit

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.

Marginal Cost

The increase in cost that results from producing one additional unit of a good or service.

Efficiency Loss

The loss of potential economic welfare when resources are not optimally allocated, leading to outcomes where potential benefits exceed costs.