All of the Elements of the System Come Together in Which

question 81

Multiple Choice

All of the elements of the system come together in which step of the systems development life cycle?

• A) conceptual design
• B) implementation and conversion
• C) physical design
• D) systems analysis

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Definitions:

Constant-Cost Industry

An industry in which the input prices and production costs remain constant as the industry output changes.

Long-Run Equilibrium

A state in which all firms in an industry are producing at their minimum long-run average cost and are earning normal profits.

Units of Output

The measurable amount of goods or services produced by a company or industry.

Internal Economies of Scale

cost advantages that a firm obtains due to expansion, leading to a decrease in the average cost per unit.