In Which Phase of the Systems Development Life Cycle Where

question 54

Multiple Choice

In which phase of the systems development life cycle where analysts decide how to meet user needs,identify and evaluate design alternatives,and develop detailed specifications for what the system is to accomplish and how it is to be controlled?

• A)Conceptual design.
• B)Implementation and conversion.
• C)Physical design.
• D)Systems analysis.

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Definitions:

Consumer Surplus

The variance between the actual cost paid by consumers and the maximum amount they're prepared to pay for a good or service.

Market Equilibrium

The point at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market price.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service to prevent market prices from rising above a certain level.

Consumer Surplus

The variation between the price consumers are willing to offer for a product or service and the actual payment made.