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5 Cards in this Set

  • Front
  • Back
Standardization
Enables the fair comparison of items based on a common unit of measurement.
SDLC
Analysis
Requirements
Design
Development
Implementation
CPI
Consumer Price Index
A measure of how much prices have increased on an annual basis
Using the CPI, nominal prices, also known as current prices, can be adjusted for inflation enabling a fair comparison of the amounts over many years.
Real Value
Prices are those prices that have been adjusted for inflation
Also INFLATED ADJUSTED VALUE
Nominal Value
Prices are current or original prices - the cost of an item at the time of purchase

Also CURRENT VALUE