Describe the Different Types of Documentation That Should Be Prepared

question 76

Essay

Describe the different types of documentation that should be prepared for a new system.

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Definitions:

Full Cost

The total cost of manufacturing and delivering a product or service, including direct and indirect costs.

Opportunity Costs

The potential benefits lost when one alternative is chosen over another.

Bad Decisions

Choices or judgments that result in adverse outcomes or fail to meet the intended objectives or goals.

Service Department

A division within a company that provides after-sales services to customers, such as repairs, maintenance, and support.