The Formal Product of the Systems Evaluation and Selection Phase

question 84

Multiple Choice

The formal product of the systems evaluation and selection phase of the Systems Development Life Cycle is

• A) the report of systems analysis
• B) the systems selection report
• C) the detailed system design
• D) the systems plan

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Definitions:

Contribution Margin

The gap between sales income and variable expenses, showing the extent to which income aids in offsetting fixed expenses and creating earnings.

Cost-Volume-Profit

An analysis tool used to determine how changes in costs and volume affect a company's operating income and net income.

Sales Volume

The total quantity of products or services sold by a company during a specific period of time.

Contribution Margin Ratio

The percentage of each sales dollar that contributes to covering fixed costs and generating profit.