The _____ Phase of a Traditional Systems Development Life Cycle

question 2

Multiple Choice

The _____ phase of a traditional systems development life cycle attempts to answer the question "What must the information system do to solve the problem?"

• A) systems investigation
• B) systems analysis
• C) systems design
• D) systems implementation

---

Definitions:

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service, which typically decreases with each additional unit consumed.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the benefit received by consumers from participating in the market.

Utility

The satisfaction you derive from a good or service that you purchase. How much utility you derive is measured by how much you would be willing to pay.

Demand Schedule

A table or graph showing the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period.