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:

Break-even Point

The financial state in which total costs and total revenues are equal, meaning no net loss or gain is incurred by the business.

Variable Costs

Costs that change directly and proportionally with the level of production or business activity, such as materials and labor.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating the contribution towards covering fixed costs and generating profit.

Fixed Costs

Expenses that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity.