When Analyzing a Potential Application, the Proper Order of Actions

question 44

Multiple Choice

When analyzing a potential application, the proper order of actions should be:

• A) input, output, processing
• B) processing, output, input
• C) input, processing, output
• D) output, input, processing

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Definitions:

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial loss from the insured event, giving them a legitimate interest in seeking coverage.

Buyers

Individuals or entities that purchase goods or services.

Sellers

Individuals or entities that offer goods or services for sale to buyers.

Firm Offer

An offer in a contract that remains open and unchangeable for a specified period, giving the recipient time to consider and accept the offer without fear of withdrawal.