A Data Flow Diagram

question 107

Multiple Choice

A data flow diagram

• A)is a graphical description of the source and destination of data that shows how data flow within an organization.
• B)is a graphical description of the flow of documents and information between departments or areas of responsibility.
• C)is a graphical description of the relationship among the input,processing,and output in an information system.
• D)is a graphical description of the sequence of logical operations that a computer performs as it executes a program.

Understand the conditions and outcomes of operating within a perfectly competitive market.

Analyze how changes in market demand and supply affect firm profits in perfect competition.

Recognize the relationship between marginal cost (MC), marginal revenue (MR), average total cost (ATC), and profit maximization.

Explain the significance of price elasticity of demand in determining firm revenues and market strategy.