When Evaluating Alternative Systems, Systems Designers Must Consider Economic Feasibility

question 58

Short Answer

When evaluating alternative systems, systems designers must consider economic feasibility, _______ feasibility, and operational feasibility.

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Definitions:

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making the imported goods more expensive compared to local products.

Trade Deficit

A situation where a country’s imports exceed its exports during a given time period, leading to a negative balance of trade.

Capital

All means of production (mainly plant and equipment) created by people.

Better Paid

Describes a position or job that offers a higher salary compared to others, often reflecting skill level, experience, or demand.