The Graphic Description of the Flow of Data Within an Organization

question 59

Multiple Choice

The graphic description of the flow of data within an organization is called a

• A)systems flowchart.
• B)data flow diagram.
• C)context diagram.
• D)document flowchart.

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Definitions:

Perfect Certainty

A situation in decision making where all outcomes are known and there is no ambiguity or risk.

Immediate Profits

Earnings realized in the short term, reflecting the current operations of a business rather than long-term investments.

Marginal Product

The additional output generated by employing one more unit of a particular input, such as labor or capital.

Wage Rate

The rate at which labor is compensated by employers, typically expressed per hour or year.