Explanation/Reference:
Requirements are based on stakeholders' needs, wants, and expectations. This is why it's important to identify stakeholders and requirements gathering processes early in the project to quickly and accurately capture requirements.
B is incorrect. This is not a valid answer to the question, as not all requirements gathering are
solutions-driven, but could be just a study.
D is incorrect. The risk and reward solution is always considered, but requirements are based on
stakeholders' needs, wants, and expectations.
C is incorrect. The change-driven approach isn't a valid answer for this question.

Explanation
The maximum price of $300,000 is a constraint that the solution must be bound to. The solution does not have to cost $300,000, it just cannot exceed this limit.
Answer A is incorrect. A budget is the defined amount of funds to implement a solution. In this instance, the
stakeholder will accept a maximum of $300,000 or less for a solution. Because a solution has not been identified the budget is not yet known.
Answer D is incorrect. Requirements are the characteristics of the solution, not the constraint of the price.
Answer C is incorrect. A solution has not yet been proposed so the cost of the solution is still unknown.

Explanation
The inputs required to prepare for elicitation are as follows:
Business Need. It guarantees that the type of information elicited from stakeholders is understood to the business analyst. This input is used at the time of eliciting business requirements.
Solution Scope and Business Case. It guarantees that the type of information elicited from stakeholders is understood to the business analyst. This input is used at the time of eliciting stakeholder, transaction requirement, and solution.
Stakeholder List, Roles, and Responsibilities. It is required for the identification of stakeholders that are required to participate in elicitation activity.
Answer D is incorrect. Risk Assessment is a review of the risks in the project, and isn't an input to the
elicitation business analyst tasks.

Explanation
Of all the choices, the deadline of December 31 is the best example of a constraint.
Answer B is incorrect. This is an assumption and/or a loose requirement of the solution's work.
Answer A is incorrect. This is a loose constraint as there's the maximum amount of finance available, but as
long as the solution is less than this amount, it's acceptable.
Answer D is incorrect. This is an example of an assumption, as there's no evidence that external resources are
not needed.