During Which Phase of Systems Analysis Does Modeling of the Existing

question 65

Multiple Choice

During which phase of systems analysis does modeling of the existing system occur?

• A) information needs and system requirements
• B) the feasibility study
• C) the initial investigation
• D) the systems survey

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Definitions:

Discount

A discount refers to a reduction in the price of goods or services, often used as a strategy to increase sales or clear inventory.

Cash Refund

Money returned to a purchaser as reimbursement for overpayment, returns, or dissatisfaction with goods or services.

Discount Period

The time frame within which a payment can be made by a buyer to a seller at a reduced price, typically to encourage early payment.

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real-time, maintaining continuous, up-to-date inventory levels.