Explain an Advantage of Surveying the Current System When Preparing

question 46

Essay

Explain an advantage of surveying the current system when preparing a systems analysis for a new systems project.

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Definitions:

Squared Deviation

The squared difference between a specific value and a comparison value, commonly used in statistics to measure variability.

Average Return

A calculation that represents the typical gain or loss of an investment over a specified period.

Efficiency

The ability of an entity or system to achieve its goals with the least waste of time, effort, or material resources.

Market Prices

The current value at which an asset or service can be bought or sold in a competitive marketplace.