Which of the Following Lists Represent the Sequence of Elements

question 16

Multiple Choice

Which of the following lists represent the sequence of elements in developing the conceptual design specifications?

• A) input, data storage, processing procedures and operations, and output
• B) input, output, data storage, and processing procedures and operations
• C) output, data storage, input, and processing procedures and operations
• D) processing procedures and operations, input, data storage, and output

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Definitions:

Supplier

A party that provides goods or services to another entity, typically in a B2B (business-to-business) relationship.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated by dividing current assets by current liabilities.

Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its assets to generate sales revenue.

Receivables Turnover Ratio

A financial ratio indicating how efficiently a company collects on its accounts receivable, calculated as net credit sales divided by average accounts receivable.