What Would Not Typically Be a Part of a Business

question 2

Multiple Choice

What would not typically be a part of a business case for a new systems project?

• A) expected business benefits
• B) initial development costs
• C) ongoing costs for operations and maintenance
• D) all of the above

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Definitions:

Profit-maximizing Output

This is the level of production at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a business in producing its goods or services.

Marginal Cost

The increase in total cost that arises from producing an additional unit of output.

Lawn-mowing

The act of cutting the grass in a garden or lawn to maintain its appearance and health.