A Logical Model Used to Gather Information About an Existing

question 73

Multiple Choice

A Logical model used to gather information about an existing system

• A)comes only after a physical model of the existing system is created.
• B)describes how a system actually works,rather than how it should work.
• C)illustrates how a system functions by describing the flow of documents and computer processes.
• D)illustrates what is being done,regardless of how that flow is actually accomplished.

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Definitions:

Profit-Maximizing Price

The optimal selling price for a product or service that leads to the highest possible profits for the producer or seller.

Weebles

A line of children's toys designed with a weighted bottom so that they wobble but don't fall down.

Market

A social or economic system where goods and services are exchanged between buyers and sellers using money or barter.

First-Degree (Perfect) Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the consumer is willing to pay.