Which of the Following Is Not One of the Problems

question 84

Multiple Choice

Which of the following is not one of the problems that accounts for most systems failures?

• A) poorly specified systems requirements
• B) ineffective development techniques
• C) lack of user involvement in systems development
• D) insufficient dollar investment in the new system

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Definitions:

Minimum Efficient Scale

The smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to minimizing its costs.

Long-Run ATC

The average total cost of production when all inputs, including capital, are variable and the scale of production can change.

Diseconomies of Scale

The phenomenon where operational costs per unit increase as the output increases, often due to inefficiencies or management challenges.

Natural Monopoly

A market structure where a single supplier is most efficient in producing or providing goods or services due to high fixed or startup costs, making competition less viable.