Systems Designers Evaluate Each Alternative in the Systems Design Phase

question 61

Short Answer

Systems designers evaluate each alternative in the systems design phase for _______ by looking at economic, technical, and operational factors.

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Definitions:

Stock Concept

A financial term referring to the ownership of shares in a company or the total value of goods available in inventory.

Flow Concept

Economic measures that are defined over a period of time, such as income or expenditure, contrasted with stock concepts measured at a point in time.

Wealth

The accumulation of valuable financial assets and physical possessions which can be used to produce more income or sold for monetary value.

Income

The income earned, particularly on a consistent basis, from employment or investment returns.