What two statements about the system and context boundary are correct?

The correct choice highlights a fundamental principle in systems engineering and requirement management. The context boundary is indeed essential for delineating what constitutes the system itself from what exists in the broader environment in which the system operates. This separation is crucial for understanding interactions, inputs, and outputs between the system and its surrounding context. It allows for a clear understanding of the functional requirements that pertain specifically to the system without conflating them with external factors that may influence or interact with the system but are not part of it.

Recognizing that the context boundary defines the limits of the system's relevance is vital for gathering and managing requirements effectively. By understanding this boundary, stakeholders can better focus on the specific functionalities and attributes that the system must fulfill, thus improving clarity in requirement specifications and reducing the potential for project scope creep.