Match Each of the Following Terms with Its Corresponding Definition

question 15

Multiple Choice

Match each of the following terms with its corresponding definition.
-Changing over from the old information system to a new one by turning off the old system as the new one is turned on.

• A)acceptance testing
• B)alpha testing
• C)beta testing
• D)desk checking
• E)direct installation
• F)inspections
• G)installation
• H)integration testing
• I)parallel installation
• J)phased installation
• K)single location installation
• L)stub testing
• M)support

Apply knowledge to prepare and understand complex income statements, including correct allocation of income taxes and reporting of discontinued operations.

Understand the definition and financial treatment of discontinued operations within a company’s financial statements.

Grasp the concept of earnings distribution through the payout ratio.

Understand the concept of trading on equity and how to analyze its profitability.

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Definitions:

Significant Influence

The power to participate in financial and operating policy decisions of a business, but not control those policies.

Database

A structured set of data held in a computer, especially one that is accessible in various ways.

Amortized

The process of gradually paying off a debt or spreading the cost of an intangible asset over its useful life for accounting and tax purposes.