In Which Phase of the Systems Development Life Cycle Where

question 24

Multiple Choice

In which phase of the systems development life cycle where the company hires and trains employees,tests and modifies procedures,establishes standards and controls,completes documentation,moves to the new system,and detects and corrects design deficiencies?

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

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Definitions:

Highly Inelastic

Describing a situation where the quantity demanded or supplied changes very little in response to changes in price.

Quantity Demanded

The amount of a product consumers are willing to buy at a specific price, differentiating from the total market demand.

Relatively Inelastic

Relatively inelastic describes a scenario where the demand or supply for a product changes only slightly in response to changes in price.

Unitary Elasticity

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.