When Building an Information System, All of the Following Basic

question 84

Multiple Choice

When building an information system, all of the following basic guidelines should be considered except ____.

• A) stick to an overall development plan
• B) identify major milestones for project review and assessment
• C) provide accurate and reliable cost and benefit information
• D) ensure that users are not involved in the development process

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Definitions:

Ending Liabilities

The total debts and financial obligations a company owes at the end of a reporting period.

Post-closing Trial Balance

A financial report created after closing entries are made, listing all accounts and their final balances to ensure debits equal credits.

Proper Form

The required or correct format, arrangement, or procedure that a document, action, or process must adhere to according to rules, standards, or laws.

Closing

The process of finalizing accounts at the end of an accounting period to prepare them for the next period.