In Which Phase Is It Most Expensive to Make a System

question 26

Multiple Choice

In which phase is it most expensive to make a system change?

• A) Planning
• B) Development
• C) Design
• D) Testing

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Definitions:

Producer Price Index

An economic indicator that measures the average change over time in the selling prices received by domestic producers for their output.

Basket Of Goods

A fixed set of consumer products and services valued on a regular basis for the purpose of tracking inflation through the consumer price index (CPI).

Firms

Businesses or economic entities engaged in commercial, industrial, or professional activities.

Substitution Bias

The distortion in calculating inflation that occurs when consumers switch their spending from higher-priced goods to lower-priced alternatives.