A Representation of the System of Interest and the Entities

question 10

Multiple Choice

A representation of the system of interest and the entities that provide inputs to,or receive outputs from,the system of interest is referred to as a:

• A)physical DFD
• B)logical DFD
• C)context diagram
• D)systems flowchart

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Cross-Price Elasticity

The responsiveness level of the quantity of a product needed when there's a fluctuation in the price of another product.

Cross-Price Elasticity

An assessment of how changes in the price of one good affect the demand for another good.

Complements

Goods that are often used together, where an increase in the demand for one leads to an increase in the demand for the other.