The First Step in the System Definition Phase of the Systems

question 39

Multiple Choice

The first step in the system definition phase of the systems development life cycle (SDLC) is to ________.

• A)plan the project
• B)conduct a feasibility study
• C)define the goals and scope
• D)form the project team

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Definitions:

R&D Expenditures

Costs associated with research and development activities undertaken by a company to innovate or improve products or processes.

Marginal Cost

The incremental cost involved in manufacturing an additional unit of a good or service.

Marginal Benefit

The increased benefit or satisfaction experienced from consuming one additional unit of a product or service.

R&D Expenditures

The amount of money a company spends on research and development activities to innovate or improve its products or services.