Match Each of the Following Terms with Its Corresponding Definition

question 160

Multiple Choice

Match each of the following terms with its corresponding definition.
-Changes made to a system to evolve its functionality to changing business needs or technologies.

• A)adaptive maintenance
• B)baseline modules
• C)build routines
• D)configuration management
• E)corrective maintenance
• F)maintainability
• G)maintenance
• H)mean time between failures
• I)perfective maintenance
• J)preventive maintenance
• K)system librarian

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.

Trading Securities

Financial assets that a firm holds primarily for the purpose of selling them in the short term to profit from price fluctuations.

Adjusting Entries

Entries made at the end of an accounting period to ensure that companies follow the revenue recognition and expense recognition principles.

Fair Value

An estimate of the market value of an asset or liability, based on current conditions and willing parties' transactions.